May 26 Wenjie Gold Evening Outlook

News Side
Intra-day geopolitical risk aversion sentiment continues to cool down, and the risk premium supporting gold prices has gradually diminished. Currently, there are no major data indicators guiding the market, and the trend mainly follows the fluctuations of the US dollar and US Treasury yields. The Federal Reserve's hawkish expectations continue to suppress the rebound strength of gold prices, and overall bullish momentum is insufficient. Market sentiment remains cautious.

Technical Side
Gold prices surged and then fell back within the day, facing resistance at high levels and weakening, showing an overall oscillating and slightly weak structure.
Key resistance is concentrated around 4550 and 4580, with clear resistance during rebounds; the core support below is at the 4500 level, which is also a short-term dividing line between bulls and bears. Holding above maintains range-bound oscillation, while breaking below could lead to further downward exploration. Short-term moving averages exert obvious resistance, and the market is biased toward weak consolidation.

Evening Trading Strategy
The overall rhythm is mainly to sell on rebounds, with short positions possible in the 4540-4550 rebound zone, with a stop above 4580. Targets are 4510-4500, and if #现货黄金 broken, look toward 4480.