5.20 Gold Morning Review | Short-term bearish, rebound to follow the trend

From a 1-hour chart perspective, the gold price has broken below the lower band of the Bollinger Bands, with the channel continuously opening downward, and the middle and upper bands turning into resistance simultaneously, indicating ongoing bearish momentum.
Gold prices quickly retreated from a high of 4588, touching a low of 4465, currently quoted at 4481, with weak rebound momentum. Near the middle band resistance area, it’s advisable to follow the trend and establish short positions. The bulls have not yet shown clear reversal signals.
The current trend remains a one-sided downward movement, with a risk of breaking below the support at the lower band. Do not blindly bottom-fish; wait for clear signs of a trend reversal before considering long positions. All positions must have strict stop-loss risk controls.

Today's trading reference

• Long: Enter around 4450—4470 after stabilization, stop loss below 4440, initial target at 4500, and if broken, look toward 4600

• Short: Enter around 4490—4510 under resistance, stop loss above 4515, initial target at 4460, and if broken, look toward 4400

⚠️ The above is only personal technical analysis and does not constitute investment advice. Please trade based on the actual market prices.
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