5.22 Gold Afternoon Review: High-Level Pressure Leads to Choppy Consolidation, Bearish Trend Is Clear

Market Recap:
The morning call for a bearish outlook from a high level has once again been accurately fulfilled! This morning, gold prices rose to 4559 before hitting resistance and pulling back. During the afternoon, the weak sentiment continued. The current price is consolidating narrowly around 4528, rebounds lack momentum, and the bearish-led trend remains unchanged.

Trend Analysis:
From a technical standpoint on the 1-hour timeframe, the price has repeatedly tested the 4540–4550 range without any effective breakout, and there is clear resistance overhead. The KDJ indicator has turned downward from a high level, sending a clear pullback signal. On the news front, expectations for the U.S. Federal Reserve’s newly appointed chair, Wașh, have turned more hawkish, and with the U.S. dollar index rebounding, gold’s weakness is difficult to change under dual pressure.

Koko’s Suggestions:
Continue with the morning’s rebound-based short approach. Place orders in batches around 4535 and 4555. Targets are 4510–4500; if the level breaks, you can look lower to 4480. Intraday volatility is relatively large—be sure to manage risk with protective stops, and do not hold positions blindly in a risk-taking trade.

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