5/28 Morning Thoughts

Yesterday’s gold bearish setup was perfectly fulfilled. During the day, price dropped like a waterfall from the 4527 high, falling all the way to the 4401 low. The single-day decline was extremely strong. Currently, gold has stabilized around 4456 and has entered a low-range consolidation and repair phase, but the overall bearish big trend has not changed. The correction is not a reversal—do not blindly try to catch the bottom.

From the one-hour chart structure, price has continued to remain under pressure below the Bollinger middle band of 4467. The Bollinger Bands are generally opening downward. The resistance at 4524 continues to shift lower and suppress the market, while support around 4410 forms a short-term floor. The modest rebound after last night’s sharp drop is only a typical technical correction. Market highs keep moving lower, and the price’s center of gravity remains tilted downward. As long as gold cannot hold above the Bollinger middle band, every rebound is an opportunity to short in line with the trend.

Trading Strategy:
Short from the 4465-4475 rebound zone, with a stop loss above 4480; targets at 4430-4410
Short on the dip in the 4410-4420 range, with targets at 4450-4460

The current market weakness is clear. Trade only within the range—don’t guess the direction for a one-way move. Strictly control position size, strictly set stop losses, and prioritize steadiness! $BTC $ETH $XAU3L