5.17 Saturday Midday Big Cake Analysis

The morning big cake retraced to the daily support level before starting a small-scale rebound. The current market continues to fluctuate above the daily support, with multiple tests that have not broken through. The weekend market is quiet, combined with the daily level's sideways consolidation, it is suggested to operate short-term around the key support and resistance levels. Although the four-hour support was briefly lost, the price has rebounded to the key resistance level of 103700, which should be closely monitored for the four-hour closing performance at this position. If the 103700 resistance is effectively broken, the four-hour level will re-establish a bullish pattern, and the market is expected to continue its upward momentum.

Big cake in the range of 102700-103000 does a double, target 104500 range

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