5.20 Midnight Gold Analysis

Tonight's gold analysis accurately predicted the trend again. Now, let's look at the midnight gold trend.

From the news perspective, the weakening of the US dollar combined with technical buying in the market has led to a strong rebound in gold. The US stock market's strength has not significantly diverted safe-haven funds, and bullish sentiment has already been fully released.

Then, from a technical standpoint, the 1-hour and 30-minute moving averages are turning upward, the MACD has a golden cross with increasing volume, and the price has stabilized above the 4500 level. The short-term bulls are favored, but there is resistance around 4550, so caution is needed for a pullback risk.

Finally, Teacher Yan Yan's strategy:
In the short term, if there is a pullback and the price stabilizes around 4500-4510, consider low buying. The target is 4550-4560;
If it falls below 4500, observe or adjust the strategy, strictly control stop-loss, and operate with a light position. #黄金 #黄金下跌