5.18 Midday Gold Trading Ideas



In the early session, the price surged to 4555 but met resistance and pulled back. It then dipped to 4480, found stabilization, and rebounded. Currently, 4545 is relatively weak and moving sideways; the overall trend is bearish. The Bollinger Bands are narrowing. The gold price is trading below the middle band, and there is clear overhead selling pressure. The 4480 support is solid.

Resistance: 4540, 4580
Support: 4525, 4500

Operations:
Main approach: sell at high levels. Place short orders in the 4540-4550 zone, targeting 4520→4500, with a further move down to 4480.
For the short term, the 4500-4530 range can be used for longs; look for a rebound to above 4550. #TradFi交易分享挑战
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