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May 21 Gold Evening Outlook
Gold surged and faced resistance, then fell back and broke support; tonight's main outlook is bearish.
During the day, gold rose to 4570 but was blocked and retreated; during the European session, it continued downward to 4505, currently at 4513, showing weak consolidation. Short-term indicators are all weakening, with a clear downtrend; rebounds are opportunities to short.
Trading plan
Short at 4525-4540, stop loss above 4550, target 4505
Dip to 4505-4510 with short-term stabilization for a short position, stop loss below 4490, look for rebounds to 4520-4535#黄金