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May 18 Evening Gold Trading Ideas
The short positions around 4566 suggested in the morning have been perfectly fulfilled as the intraday market trend has played out.
Currently, the market is in a weak oscillating correction under a bearish trend, encountering resistance during rebounds, with the overall downward trend remaining unchanged.
The hourly chart continues to fluctuate narrowly with alternating bullish and bearish candles, with the market's highs gradually moving lower, and short-term lows temporarily supported.
After dipping to around 4480 in the early session, a rebound occurred, forming a low-level oscillation pattern, which is just a brief pause within a downtrend, not a trend reversal signal.
The market remains in a weak oscillating pattern, with the bears still in control. Relying on rebound highs to set up short positions is more prudent.
Trading strategy: Short directly around 4550-4470, with the short-term target first at 4530. Once the price effectively breaks below, look for further declines to 4510 and 4480. #加密市场下跌15万人爆仓