5.20 Gold Intraday Morning Review: Shorts Realized, Follow the Trend



Market Review: The early prediction of “weak consolidation, dominated by bears” was fully realized. Gold continued its decline, breaking below the key support level of 4465 mentioned in the morning review, with a low of 4453.69, currently around 4469. The bearish trend is clear, and bulls have no power to fight back.

Trend Analysis: From the 1-hour chart, the price has been firmly suppressed by moving averages, unable to rise. The slight rebound after a significant decline is just a pause from exhaustion, not a reversal. Although the KDJ indicator is oversold, there are no signs of a turning point, indicating that the rebound is weak and the bearish dominance remains unchanged.

Trading Suggestions: Continue to follow the trend and short. Lightly short in the 4485-4495 rebound zone, with a stop loss at 4510. Target the 4453 support level, and look for further downside if broken. Strictly avoid bottom fishing; do not adjust your strategy until there are signs of stabilization.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.
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