5.22 Morning Gold Outlook

Yesterday's gold trading outlook has been fulfilled, spot gold bottomed out and rebounded, with the intraday low reaching $4,488.83 per ounce, and a short-term rally in the early morning to recover losses.

From a news perspective, last night's Federal Reserve meeting minutes were hawkish, with most officials believing that high inflation may require a longer period of tightening, with only a 2.7% chance of rate cuts in June; the US dollar index fluctuated around 99.17, signals of easing in US-Iran negotiations appeared, risk aversion sentiment marginally cooled, but global central banks' continued gold purchases provided a solid bottom support for gold prices.
From a technical perspective, the 1-hour Bollinger Bands middle band at $4,526 is a key support, the upper band at $4,552 forms a short-term strong resistance, overall showing a range-bound pattern.

Finally, Teacher Yan Yan's trading strategy: short-term buy low and sell high, lightly go long at $4,530-$4,545, with targets at $4,550-$4,555. Strictly control position sizes and set stop-losses. #黄金 #黄金：