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5.20 Jiang Yuheng | Gold Intraday Market Analysis
Hello everyone, I am Jiang Yuheng.
The gold market today is overall weak. After the price dipped to around 4465, a technical rebound appeared. The high reached around 4493, approaching the key resistance zone of 4495-4510. The current rebound is a weak correction within a downtrend. Resistance above is gradually moving lower. The hourly bearish structure is intact, bullish counterattack momentum is insufficient, and bears dominate in the short term.
Operation references:
• If the rebound reaches the 4495-4510 zone, you can consider placing small short positions. The defense level is around 4535. The first target is 4455, and the second target is 4420.
• Overall, trade lightly and follow the trend to look for a pullback. Strictly manage risk, refuse to go against the trend by going long, and wait until a clear signal that the rebound is under pressure is confirmed before entering the market, to reduce frequent short-term trades.
#RWA总市值突破650亿美元 #特朗普推迟打击伊朗