5, May 21 Morning Market Analysis and Strategy:

Recently, gold prices have slightly rebounded on the news of easing tensions in the Middle East, but the momentum is really weak and not enough to be considered a reversal trend. Trump signaled that US-Iran negotiations are about to be finalized, market risk aversion sentiment cooled down, crude oil prices plummeted, and gold and silver passively rebounded a bit.

However, the US dollar index hardly fell, staying firmly above 99, which directly caps the upward space for gold. In my view, this rebound is just a correction within a weak trend, with clear resistance around 4565. I personally prefer to continue shorting on the rebound, with a short-term strategy of selling on rallies and expecting a pullback.

Of course, we should also watch for variables. US-Iran negotiations could unexpectedly escalate at any time. If the situation becomes more tense, gold is likely to move sharply. In trading, keep a light position with good stop-losses; don’t hold on stubbornly.

Recommended operation: Short around 4565, stop-loss at 4580, take profit at 4530/4510

The above suggestions are for reference only; actual trading should be based mainly on real-time operations. #黄金🔥 #黄金 #黄金行情 #XAU