5.8 Gold Today's Analysis Key Resistance Difficult to Break, Gold Shorting Rhythm Has Been Set

Gold today surged to high levels but lacked strength, showing a general trend of pressure and pullback, with short-term upward momentum clearly weakening, leaning towards a weak consolidation pattern.

The short-term rebound strength is very limited, with strong resistance at key levels above. Once it reaches the pressure zone, it is prone to encountering resistance and turning downward, making it difficult to break through and stabilize in the short term. There is a critical support level below; if this support is broken, the downward space will further expand. Holding the support is necessary to stabilize the short-term rhythm.

The overall approach today is very clear: do not chase rallies, mainly focus on shorting.

When the rebound approaches the upper pressure zone, you can follow the trend to position, without blindly expecting a rise; if you want to enter at lower levels, do not rush to bottom-fish for now. Be patient and wait for the key support below to stabilize and show clear signs of stopping the decline before considering more secure participation. The recent market fluctuations are rapid, so participate with light positions, strictly manage risk, and avoid heavy positions.

Trading Suggestions:
- 4730-4750 Short
Stop loss: 4765 above
Target: 4680→4660, if broken, look at 4630
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