5.20 Morning Gold Outlook

Last night's midnight detailed review and prediction were accurate, today international spot gold recently surged higher and then pulled back, pressured downward from the high of $4588, briefly touching around $4465, currently trading near $4478, overall showing a weak oscillation pattern after a breakout from the high level.

News: The market's expectation that the Federal Reserve will maintain high interest rates is heating up, the US dollar index and US Treasury yields are strengthening, continuously suppressing gold prices; at the same time, geopolitical safe-haven sentiment has temporarily cooled, gold safe-haven buying has diminished, and short-term bearish factors dominate the market.
Technical: The 1-hour cycle has broken below short-term moving averages and key support levels, with MA5/10/20 in a bearish alignment, indicating a clear short-term downtrend, with weak rebound momentum.

Trading Strategy: Currently, follow the trend to go short after rises, lightly short on rebounds to the $4485-4490 range, targeting the $4465 support; if it breaks below $4465, further downside targets are around $4450. Be alert to data volatility causing counter-movements within the day, and strictly control position sizes. #黄金：