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5/26 Morning Market Analysis and Strategy:
In recent times, the international situation has repeatedly driven the movement of gold prices. Earlier, market rumors related to peace talks boosted gold prices upward for a time. Coupled with the U.S. stock market being closed yesterday, trading activity has been low, and the upward momentum of gold prices could not be sustained.
At present, regional conflicts have flared up again, which is bearish for gold price performance. If, during the day, gold rebounds to the 4563-4566 range, you may consider setting up short positions when opportunities arise, with risk control stop-loss placed around 4580. Below, the first priority is the 4520-4530 support zone. With geopolitical market volatility intensifying, please do a good job of risk management when trading.
Recommended trade: Short near 4563—4570, stop loss 4590, take profit 4530-20
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