May 18 Gold Intraday Evening Review:


Market Review: Today, during the Asian and European sessions, gold continued its weak consolidation, dipping to around 4480 in the early session before a slight rebound, with the current price around 4537. Overall, it is in a low-level adjustment phase after last week's sharp decline. Influenced by the dollar's movement, the rebound in gold is weak, and the overall bearish trend remains clear.

Trend Analysis: From a one-hour chart perspective, the overall trend is weakening, with gold trading below the short-term moving averages. Resistance around 4557 is strong, making it difficult for prices to rise further. There are no clear signs of a stop to the decline or reversal, and the short-term dominance of the bears remains.

Trading Suggestions: During rebounds to the 4550-4560 range, consider entering short positions in batches, with a stop at 4570, targeting 4520-4500; if the rebound is weak, lightly follow short positions in the 4540-4550 range, with a stop above 4560, targeting the same as above. If the price stabilizes near 4480 below, consider short-term long positions, quick in and out, avoiding prolonged battles.

Disclaimer: The above content is for market analysis reference only and does not constitute trading advice. The market carries risks; trade cautiously.
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