5.19 Afternoon Gold Market Analysis and Strategy:


Based on the current market momentum in the morning, the bearish momentum still dominates, and the short-term downward trend is likely to continue fermenting. The first support zone below is locked at around 4530-4535. Once this level is effectively broken, the subsequent decline will further expand.

During the European session, focus on catching rebound opportunities to short. When the price rises to the 4558-4560 area, enter short positions, with a stop loss set at 4573. The first target is 4530, with further downside targets at 4510.

Trading suggestion: Short near 4558, stop loss at 4573, take profit at 4530/4510
GLDX1.22%
XAU-0.2%
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