5.19 Gold Midnight Review:

Today, gold fluctuated downward, quickly retreating after reaching a high of $4,588 intraday, with a low of $4,465, currently around $4,500, a daily decline of about 1.4%, showing an overall bearish trend.

In terms of news: The three major U.S. stock indices all weakened, but the dollar index staged a temporary rebound, combined with market expectations of a hawkish Federal Reserve policy, suppressing bullish sentiment in precious metals, with funds flowing out for both safe-haven and profit-taking reasons.

Technically: The 1-hour charts all broke below the MA5/10/20 support lines, forming a bearish alignment; the MACD indicator's double lines crossed downward and continued to decline, with increasing green bars, indicating short-term bearish momentum is dominant. The 4,500 level is under contention, with support below at $4,465.

Trading strategy: The current bearish trend is clear, and short-term should focus on selling rebounds. Watch the resistance zone at $4,515–$4,520. If faced with resistance, consider a light short position with a stop-loss above $4,530, targeting $4,470. If the price unexpectedly stabilizes above $4,530, then adjust the approach to wait and see for trend clarification. #黄金