5.1 The Fourth's Evening Gold Trading Idea Sharing

Gold has already broken away from the previous range-bound movement, and the overall bearish trend is clearly established, with the market entirely dominated by the sellers. Whenever the market slightly rebounds to touch resistance levels, it will face selling pressure and decline, maintaining a solid downward trend structure, with the bearish momentum continuously strengthening.
Below, the 4520-4540 zone is an important key support area, where strong capital support and liquidity gaps provide backing. This is not only a key position for short-term profit-taking on short positions but also the core defensive line for the bulls to counterattack. In the future, focus on whether this support zone is broken or held.
On smaller timeframes, the overall trend is weak, with the 1-hour downtrend channel remaining intact, and the 30-minute bearish rhythm continuing. The market has been oscillating with rebounds facing resistance, then falling back, and trending downward in a cyclical pattern. Currently, bearish momentum dominates strongly, with heavy resistance at various levels above, significantly limiting the rebound space for gold prices.
Trading idea: Short on rebounds to the 4585-4595 zone, with partial targets at 4560, then 4530. #黄金 #现货黄金 $XAUT