5.22 Gold Intraday Morning Review: High-Level Pressure, Choppy Consolidation, Clear Downtrend

Market Review: Cocoa’s bearish outlook at high levels has once again been accurately fulfilled! After gold pushed higher to 4559, it met resistance and fell back; it is currently undergoing a narrow consolidation near 4541. The rebound lacks momentum, and the bearish-dominant structure remains unchanged.

Trend Analysis: Technically, on the 1-hour timeframe, price is hovering above 4526.30. The KDJ indicator has turned downward from a high level, and a pullback signal is clear. On the news front, expectations for hawkish policies under the Fed’s newly appointed chair, Wosh, continue to heat up. Combined with a rebound in the U.S. Dollar Index, gold’s room to rebound is limited under dual pressure, and the weak trend is difficult to change.

Trading Suggestions: Continue with the rebound–sell approach. Short in batches around 4550 and 4600, targeting 4520–4500. Cocoa would like to remind you here: recent flight-route and market volatility has been relatively large. When entering trades, be sure to bring adequate defenses, and do not entertain the mindset that you can improve your odds by merely enduring resistance.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market is risky; proceed with caution when entering the market.