5.21 Morning Gold Outlook

In the early hours, gold continued to rebound, reaching a high of around 4547, currently oscillating near 4539, with the overall trend fully aligning with my forecast.

From a news perspective, geopolitical risks continue to support safe-haven demand, the US dollar index has slightly retreated, combined with market expectations of Federal Reserve rate cuts fluctuating, providing support for gold prices.

Technically, on the 1-hour chart, the moving averages remain in a bullish arrangement, the MACD red bars have shrunk but are still above the zero line, and the price has stabilized above 4520, indicating short-term bullish dominance. However, there is clear resistance around 4550-4555, so caution is needed for a potential pullback after a rally.

Finally, Teacher Yan Yan's strategy: for short-term, a rebound to 4530-4540 with stabilization can be considered a low buy, targeting 4550-4560; if it falls below 4525, then observe for now, adjust the approach, strictly control stop-losses, and operate with light positions. #黄金下跌 #黄金