4.29 Laosi Gold Evening Trading Ideas Share

Gold has recently maintained an overall downward trend. The market has not been able to break out into a meaningful effective rebound. Each time there is a small technical pullback, it is an excellent opportunity to short from the top—following the trend.

At present, the MACD histogram bars that are green are continuously expanding, and bearish momentum is clearly in the lead. On the daily chart and across short timeframes, the bearish candle bodies on the downward moves are gradually enlarging. The market’s bearish selling pressure continues to release, and the bulls have absolutely no ability to take over. The short-term weak downward pattern has already been set.

The US dollar index and US bond yields have continued to remain strong, directly putting pressure on US dollar–denominated gold. Supported by a macro negative backdrop, it is difficult for gold prices to show any sign of reversing higher and strengthening in the short term.

Trading suggestion: Set up short positions on the rebound in the 4580-4600 range, and look sequentially for targets at 4550, 4520, and 4500.#黄金 #现货黄金