May 27 Morning Gold Sharing

In the morning, gold surged but faced resistance, with bullish momentum insufficient and pressure causing a pullback, currently touching as low as 4479. The market is in a weak oscillation pattern, with the short-term upward rhythm interrupted, and the battle between bulls and bears has intensified. Based on the key support at 4482 in the early session, a low-buying rebound strategy was suggested, but it failed to withstand the market's unexpected bearish selling pressure, leading to a direct break of support, and the weak-to-strong logic became invalid.

On the news front, the ongoing Middle East geopolitical situation continues to provide safe-haven support. The Fed rate cut expectations and the continued weakening of the US dollar have boosted bulls, with only profit-taking at high levels causing slight fluctuations.

From a technical perspective, the daily chart shows a continued decline and correction pattern, with obvious resistance from short-term moving averages. The bullish rebound faces heavy resistance; the hourly chart is in a sideways consolidation at low levels, typical of a downward correction after a decline. Currently, the key resistance above is concentrated in the 4530-4550 range, which is also the dividing line between strength and weakness for the day. Without breaking this resistance zone, a reversal for the bulls is unlikely; short-term support below is at 4460. If this level is broken effectively, the downside space will open further, targeting the 4450 level.

Gold can rebound around 4465-4480, with targets at 4530-4550, and a breakout #Gate预测市场升级聪明钱追踪 aiming for 4570!