5.5 Morning Gold Analysis

The overall bearish trend on the 4-hour gold chart remains solid, with short-term moving averages showing a standard bearish alignment. The market continues to be under pressure, trading below the MA5 and MA10 moving averages. Each rebound has been suppressed by moving average resistance, with frequent pullbacks after rising, and the bearish dominance in the market remains unchanged.

Previously, the price repeatedly declined, with bearish momentum concentrated and key support levels broken one after another. However, after touching the 4500 level, the downward pace gradually slowed, and small alternating candles appeared at lower levels. Buying interest at low levels gradually emerged, and the bulls' short-term resistance strengthened.

Currently, gold prices are consolidating within a narrow range of 4500-4540, with candlestick bodies continuously narrowing, and the battle between bulls and bears falling into a stalemate. The market is in a phase of gathering strength after a sharp decline, waiting for a breakout direction. The focus should be on the breakout direction of the range, following the trend accordingly.

Trading Suggestions
When rebounding to around 4550–4565, consider entering a long position,
Targeting around 4525–4480.