#特朗普支持CFTC管辖预测市场 This afternoon, gold experienced a rapid upward surge, but this rally is not a bullish reversal signal; instead, it hides a risk of decline. The overall trading strategy for the day is clear: focus on short positions only, prioritizing high-level shorting opportunities.

From a news perspective, the current gold market sees intense battles between bulls and bears, with ETF capital flows repeatedly tugging back and forth, and market disagreements are significant. Meanwhile, market expectations of a rate cut by the Federal Reserve in June continue to cool down, and the tightening monetary policy outlook continues to suppress gold prices. Coupled with the strong performance of the US stock market's S&P 500 index, market risk sentiment has increased, greatly weakening safe-haven buying in gold. The upward momentum for bulls is severely limited, and the potential for gold prices to rise is constrained.

Technically, on the one-hour chart, the moving averages are generally arranged in a bearish order, indicating a short-term weak trend. Currently, gold prices are under continuous pressure at the 20-day moving average at 4511, which becomes the first short-term resistance level. The key strong resistance above is concentrated around 4530; when prices reach this area, they are likely to encounter resistance and pull back. The support at 4480 is an important intra-day level and also a short-term dividing line between bulls and bears.

Based on the market trend, the core strategy for the day is to buy on dips and short at rebounds. When a short-term rebound reaches the resistance zone of 4520-4530, consider gradually opening short positions, with the first target at 4490 and the second at the support level of 4480. If the market effectively breaks below the 4480 key support, it indicates further bearish momentum; you can add to short positions accordingly, with the next target down at 4460. The overall market is weak and oscillating downward; do not blindly buy the dip. Strictly follow resistance levels to set up short positions, and manage positions and risks carefully.