5.19 Wenjie Gold Morning Outlook

Gold deepened its decline overnight and slightly rebounded in the early morning, which is a technical oversold correction and not a reversal. The overall major trend remains bearish, with the rebound strength weak, clear resistance, and strong high-level suppression. Coupled with the continued strength of U.S. Treasury yields and the dollar, the rebound space for gold is limited, and the main rhythm still leans towards oscillation and decline.

Resistance: 4580–4600 (core strong resistance), 4620 (bearish defense at high levels)
Support: 4500–4530 (short-term support), 4480 (intraday key low)

Intraday Trading Strategy

Main idea: Focus on shorting during rebounds, with small long positions for quick trades, entering and exiting quickly.

Rebound at 4580–4600 faces resistance, sell in batches, stop-loss above 4620, target 4530–4500, and if broken, look for continuation down to 4480;

Tonight’s Federal Reserve meeting minutes are likely to be hawkish, which can easily trigger market volatility. Strictly manage stop-losses and control position sizes during trading. #现货黄金