5.22 Wenjie Gold Evening View



The current price fluctuates around 4515. After probing a low of 4488 during the day, it rebounded slightly. Overall, this is a weak rebound after a decline; bulls and bears are temporarily locked in place, with no clear one-way trend.

The US dollar stays at a high level, and delayed rate-cut expectations weigh on gold prices. The market is waiting for Federal Reserve-related remarks early in the morning; there is a high likelihood of directional volatility in the evening, with the news driving the short-term pace.

Support: 4480–4500 (strong intraday support)
Resistance: 4550–4570 (strong short-term resistance)

Trading ideas
Pullback low: Go long once 4480–4500 stabilizes, stop loss at 4470, target 4540–4570 #现货黄金
GLDX-0.28%
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