5.20 Gold Analysis

Considering the current market situation, global risk appetite is warming up, safe-haven sentiment is continuously cooling down, funds are flowing out of safe-haven assets, directly suppressing the bullish momentum of gold, combined with technical bearish trend resonance, the probability of further decline is very high.

In the 1-hour chart, gold previously surged to 4591.71 and peaked, then faced resistance and fell back, Bollinger Bands fully opened downward, price continued to be pressured below the middle band at 4513, the upper band at 4566 formed strong resistance, today’s volume surged with a large bearish candle directly breaking through the lower band at 4461, with the lowest dip to 4458, the bearish selling pressure was strong, and the rebound was weak, each small correction was suppressed by selling pressure.

Fundamentally, the market’s expectations are leaning hawkish, suppressing the upward space of precious metals, safe-haven buying has receded, and the bulls lack fundamental support, confirming the bearish trend after technical breakdown.

Trading suggestion: 4520-4560 range, target 4495-4450. $LAB $SOL $ETH #TradFi交易分享挑战 #30年期美债收益率突破5%