5.28 Morning Gold Outlook


Federal Reserve rate hike warning triggers a plunge! Gold oversold rebound, here's how to trade today

From the news perspective, U.S. stocks stabilize and rebound, risk-averse funds significantly flow out, gold ETFs showcase a battle between bulls and bears, with short-term bearish forces dominating.
Additionally, technically, both 30-minute and 1-hour charts show oversold rebound signals, with KDJ turning upward from the oversold zone, but short-term 5, 10, and 20-day moving averages remain in a bearish alignment.
The strong resistance levels are at 4466-4470, while key support is in the 4430-4440 range.

Finally, Teacher Yan Yan's trading strategy: in the Asian session, mainly short on rebounds, lightly short at 4460-4470 zone, targeting 4440-4430; if the decline does not break 4430, try going long lightly, targeting 4455.
Strictly control position sizes and set stop-losses. #黄金、 #黄金
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