5.20 Gold Intraday Evening Review: Weak rebound does not change the dominance of the bearish trend, mainly follow the trend to short

Market review: Today, gold remains overall bearish, breaking below key support in the morning and dropping to around 4453 at the lowest point. Although there was a rebound in the evening, rising to about 4496, with a high of 4509, the overall trend is still downward, and no reversal signals have appeared.

Trend analysis: The evening rebound is just a "breath of relief" after a sharp decline, not a true reversal upward. Although the price temporarily moved up a bit, there is strong resistance around 4500 above, preventing further rise. Moreover, the short-term rebound is somewhat rapid, reaching the "extreme position" of the short-term, like a ball bouncing to its highest point with no strength to push higher, and may turn down at any time.

Operation suggestions: The trend is clearly bearish, and rebounds are opportunities to short again. Tonight, you can gradually short in the 4510-4530 range, with the initial target to fall back to 4480-4460. If the support is broken, look further down to below 4450. Do not bottom-fish before a clear sign of stabilization appears.

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