Good morning, family! The May Day holiday has passed, and the gold 1-hour candlestick chart has already experienced a big plunge early in the morning. A large bearish wick appeared around six o'clock, followed by continuous decline to the low of 4595!



Currently, gold price is at 4609, after spiking to 4652, it quickly plunged down, directly breaking below the Bollinger Band middle support at 4620. The upward momentum collapsed, and the MACD indicator has formed a death cross, clearly signaling a pullback from high levels. The support at 4605 is precarious; once broken, it will open up more downside space!

Trading suggestion (short-term): Resistance on the rebound is around 4620-4630. The overall trend is bearish. It is recommended to mainly trade rebounds for short positions, and be alert for testing the 4595 low support! $XAUT #WCTC交易王PK #美国寻求战略比特币储备 #美联储利率不变但内部分歧加剧 #美债收益率破5%
XAUT0.06%
BTC2.31%
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