5.27 Gold Morning Thoughts

Breaking news! Gold plunges for three consecutive days, the Federal Reserve's hawkish stance delivers a fierce blow, do not blindly buy the dip
From the news perspective, the US dollar index rises to a three-month high of 106, the 10-year US Treasury yield reaches 4.58%, significantly increasing the opportunity cost of holding gold; the world's largest gold ETF has reduced its holdings for five consecutive days, with a total reduction of 12.6 tons.

Let's also talk about the technical aspect, the daily chart shows gold prices are under pressure below the middle band of the Bollinger Bands, the MACD green momentum bars continue to expand, with $4500 being a key psychological support level. If it effectively breaks below, it will open the space to test $4450-$4480, with resistance above at the $4530-$4550 range. #Gold
Finally, Teacher Yan Yan's trading strategy: the current bottom is not yet clear, strictly avoid blindly buying the dip, mainly observe; aggressive traders can lightly position short positions at $4520-$4530, if gold price holds the $4500 support, try a small long position, with a stop loss at $4470; strictly control position size within 10%, and manage risks carefully.