5.26 Midday Market Analysis



Looking at recent trends, gold continues to weaken, with a clear low-range oscillation pattern, making it difficult for the bulls to launch an effective counterattack; the overall downward trend remains unchanged!

Today’s gold price dipped to a low of 4523, currently trading narrowly around 4532. This round of fluctuation is only a phase of short-term consolidation after a sharp decline, not a trend reversal. Blindly bottom-fishing is not recommended!

Technically, the overall outlook is bearish. Although short-term indicators show a slight rebound demand, the weak market trend still dominates!

Trading reference
If the price rebounds to the 4540-4560 area, consider short positions, with a stop-loss set above 4570. The downward targets are 4500 and 4480!#黄金 $XAUT
GLDX-4.24%
XAUT-1.88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments