5.15 Gold Morning Thoughts


Last night, gold surged to 4700 but did not break through, overall weakening and pulling back, with a slight rebound to 4618 after dipping to 4607 in the early session; the bearish trend is unstoppable.

All moving averages are trending downward, indicating extremely weak rebounds; the US dollar at high levels offers no positive signals, with 4680-4690 becoming strong resistance, and as long as it doesn't break, the downtrend remains.

Operation: Short at rebounds between 4650-4670, stop-loss above 46, target 4600, and watch for a break to 4580;
If it stabilizes at 4610, consider small short-term long positions, quick in and out, mainly focusing on high shorting.

Warm reminder: Investment involves risks, please trade cautiously. #Gate广场五月交易分享 #黄金
PAXG-2.45%
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