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May 20 Morning Gold Review
Yesterday, gold surged to 4588 but faced resistance and pulled back, breaking below the 4550 support level, and fell to a low of 4480 by the close, settling around 4485.
In the early hours, it slightly tested the bottom and rebounded, with the morning trend showing weak oscillation, and the 4500 level was clearly under pressure. The short-term movement is only a minor correction after the decline, with the bearish trend remaining unchanged and no reversal signals.
During the day, the main strategy is to rebound and short, with light long positions at support levels as a supplement.
Trading Strategy
Rebound to 4510-4515, short with a stop above 4525, target 4480-4460, break below to see 4440#黄金