Crypto Advisor: May 22nd Gold Continues to Consolidate
Last night, gold dipped to a low of 4488 before bouncing back, and around midnight, the price surged to about 4560, ultimately closing at 4541. Throughout the day, gold was caught in a weak consolidation trend.
Last night, "Iran's Supreme Leader ordered that weapons-grade high-enriched uranium must not be sent abroad," but a high-ranking official later clarified that this order was not true, leading to a turbulent market for gold, first squeezing the longs and then the shorts. For gold, the price hovering between 4510 and 4590 is essentially the key level to gauge its upcoming movements, showing high sensitivity to news stimuli.
Today, we still need to keep an eye on the breakout around the 4510 to 4590 range. Until a breakout occurs, you can look to play the highs and lows within that range!
Note: This is purely personal sharing and does not constitute any investment advice. Trading carries risks, and profits/losses are your own responsibility! Keep your positions in check $XAU #黄金
Last night, gold dipped to a low of 4488 before bouncing back, and around midnight, the price surged to about 4560, ultimately closing at 4541. Throughout the day, gold was caught in a weak consolidation trend.
Last night, "Iran's Supreme Leader ordered that weapons-grade high-enriched uranium must not be sent abroad," but a high-ranking official later clarified that this order was not true, leading to a turbulent market for gold, first squeezing the longs and then the shorts. For gold, the price hovering between 4510 and 4590 is essentially the key level to gauge its upcoming movements, showing high sensitivity to news stimuli.
Today, we still need to keep an eye on the breakout around the 4510 to 4590 range. Until a breakout occurs, you can look to play the highs and lows within that range!
Note: This is purely personal sharing and does not constitute any investment advice. Trading carries risks, and profits/losses are your own responsibility! Keep your positions in check $XAU #黄金