5.27 Midday Gold Trading Outlook


Gold has surged sharply in the afternoon—danger is lurking beneath the surface. Focus only on shorts, not longs!

From the news side, the market is currently locked in an intense standoff between ETF longs and shorts. Expectations for a June rate cut from the Federal Reserve continue to cool, while the S&P 500’s strength suppresses safe-haven buying in gold.

On the technical side, the 1-hour moving averages are still arranged in a bearish order. Gold is under pressure near the 20-day moving average around 4511. There is strong resistance at 4530 overhead, and the key support lies at 4480 below.

Finally, Teacher Yan Yan’s trading strategy: rebound to sell is the main approach. Enter short positions in the 4520–4530 range, with targets at 4490–4480. If price breaks below 4480, then follow the move to go short again, targeting 4460. Use strict stop-losses and control risk #黄金下跌 #黄金:
PAXG-0.66%
GLDX-0.99%
SPYX0.48%
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