5.22 Gold Midday Outlook

In the morning, gold opened high and then declined, Teacher Yan Yan has already benefited from a wave, with bulls and bears competing around the 4520 level, the pullback is limited, and the bulls have strong support at the 4520 level.

From a news perspective, the Federal Reserve's hawkish remarks have been priced in by the market in advance, the probability of a rate cut in June has dropped to 18% but the expectation of a rate cut this year remains unchanged; global central banks continue to increase gold holdings, forming long-term support, and the geopolitical conflict in the Middle East still carries uncertainty, safe-haven funds could flow back at any time, limiting the downside space for gold prices.
On the technical side, 4518 is a strong intraday support and also the previous oscillation platform low point; the 1-hour MACD histogram is beginning to shrink, indicating weakening bearish momentum.

Finally, Teacher Yan Yan's trading strategy is mainly to buy on dips, gradually building long positions in the 4510-4520 range, with initial targets at 4530-4535, and if broken through, hold for 4540-4545. If it unexpectedly falls below 4510, adjust the strategy, strictly control position size, with single trade risk not exceeding 2%. #黄金 #黄金