5.5 The Fourth's Midday Gold Trading Ideas Sharing



Spot gold is generally weak and consolidating with fluctuations, initially dipping to a low of 4513 in the morning session, but failing to effectively break below the key support at 4500. This level remains a strong short-term support.

Currently, gold prices are slightly rebounding, rising to around 4540.
From a technical cycle perspective, the hourly and four-hour moving averages remain in a bullish alignment; the 1-hour MACD green bars are continuously shrinking, and there are signs of a golden cross forming at the low levels, indicating that the short-term rebound and correction momentum are gradually recovering.

Trading idea: React to resistance with a focus on shorting during the rebound
Gradually build short positions in the 4550-4560 range, with a stop loss at 4570.
The short-term target is first at 4520; if broken, follow the trend to see the 4500 level.
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