5.6 Yellow Fish Morning Review: Every rebound is an opportunity—ride the high ground to take profits

Good morning, everyone! Fresh Yellow Fish market updates are here today ✨

Right now, the Strait of Hormuz is making headlines over there, with a small sea standoff between the US and Iran unfolding, and military warning moves are also in place—however, both sides are being very restrained, with no signs of escalation.

That brief surge in geopolitical risk-averse sentiment is already gone just as quickly, and it’s not enough to support gold prices charging higher all the way up.

Next, looking at how rate-cut expectations from the Federal Reserve continue to cool off: high interest rates are still not going anywhere, and the gold bulls are directly pinned in place, unable to lift their heads.

After that big drop earlier, this morning only saw a shallow rebound. The bears still firmly control the market, and the overall trend is dull and on the weak side～

The hourly chart kept pulling back until it only barely stabilized at 4510. The rebound strength is so weak it can basically be ignored—it’s just a simple technical repair. The big downward trend hasn’t changed, and the multiple layers of resistance above block the way!

The trading idea is very clear: when the rebound touches around 4650, go short right away in line with the trend. Your target sequence is 4630—4600—4580, and capturing the profits with the rhythm is easy—take them! ~$XAU