5.22 Cocoa Gold Midnight Review: Weakness Continues, Bears Dominate

Market Review: The bearish outlook from the evening review continues to be validated, gold prices surged intraday then fell back, dropping to around 4490, currently trading weakly around 4515, with bearish momentum still releasing, and the downward trend is clear.
Trend Analysis: From a technical perspective, on the 1-hour chart, prices remain below the 5/10/20-hour moving averages of 4516, 4520, and 4525, with moving averages in a bearish alignment, and rebounds repeatedly blocked; the KDJ indicator is operating at low levels with no signs of turning, indicating bearish strength still prevails.
Fundamental News: The Fed's hawkish expectations continue to ferment, the US dollar rebounds strongly, and gold faces significant pressure, making it difficult to change the weak pattern.
Cocoa Suggestion: Continue with the trend-following short strategy, if rebounding to 4525-4545, consider scaling into positions in stages, with initial targets at 4490 and around 4470; if broken, look toward around 4450. Midnight market volatility increases, and Cocoa reminds to set stop-loss orders and strictly control position risk.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.