In terms of the geopolitical situation, an Israeli military spokesman said on May 6 that about 100,000 people were being evacuated from eastern Rafah. The Israeli military statement emphasized that the Israeli military will continue to attack Hamas in the Gaza Strip until all detained personnel are released. The geopolitical situation remains extremely unstable. No major data announcements today
Looking at the trend, gold broke through the high point of non-farm payrolls yesterday, reaching a maximum of around 2232. Today we are still mainly buying.
From a technical point of view, the daily line closed above the Bollinger lower track, and is temporarily suppressed below the Bollinger middle track of 2340. Therefore, it is too early to say that there will be a unilateral rise for the time being. We will wait for the daily middle track to break, and then look at the unilateral With great strength, look at 2350 above, or even higher. The same is true for the H4 cycle. Although this wave of rise is strong, Bollinger has not yet opened his mouth for the H4 cycle. Therefore, under the strong trend, long transactions still have to fall back more. The effective support below is near the moving average point of 2312. Therefore, the buying point is 2308 - Near 2010, aggressive traders can buy in 2012-2015
If it falls below 2303 today, I need to re-judge the trend of gold, so you need to set SL strictly and choose the appropriate trading point based on your own funds.
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