Friday, May 22 Morning Gold Outlook

Today, gold is generally oscillating at a high level, with short-term market trends leaning under pressure.
Tonight's PCE inflation data will be the key point in determining the short-term direction, while the medium- to long-term bullish trend remains solid.
For intraday trading, focus on the 4480-4572 range, engaging in high sell and low buy.
If the price retraces to the strong support zone around 4480-4500 and stabilizes, consider establishing long positions, targeting resistance levels at 4540 and 4560.
When the price rebounds to the 4550-4570 resistance zone and stalls, it can be shorted accordingly, with a target of 4500 or even 4480 on the downside.

If the price effectively breaks below the 4480 support level, the short-term trend will shift to a weaker outlook.
Follow the trend and look for short positions targeting the 4440-4450 range.
If the price holds above and breaks through the 4570 level, bullish momentum will be reactivated, and long positions can be pursued toward above 4600.
Maintain a cautious, light position before the data release, pre-placing orders at key levels to handle market fluctuations.
After the data is released, follow the actual results to adjust your trades accordingly.
In the long term, there's no need to worry about short-term pullbacks; the 4400-4500 range offers good opportunities for phased long entries.
Be patient and hold, waiting for the upward space to open further.
Throughout the process, strictly set stop-losses to control risk, and flexibly adjust trading strategies according to market rhythm.

Trading suggestion:
Look for short positions above 4550
Target 4500$BTC $ETH