5.28 Gold Morning Analysis

Overnight gold prices fell sharply, and the weak trend continued in the early trading session today, with a strong bearish market atmosphere. Boosted by the Federal Reserve's hawkish expectations, the US dollar and US bond yields strengthened, coupled with the gradual cooling of Middle Eastern safe-haven sentiment, multiple factors suppressed gold prices from rising!

The daily chart closed with three consecutive down days, confirming a bearish trend. Yesterday's price dipped to around $4401, with ongoing insufficient rebound momentum!

Short-term resistance levels are referenced at 4460 and 4480, with support focused on the 4430 and 4400 levels!

The intraday trend is likely to remain oscillating downward, with limited rebound potential. In terms of operations, it is recommended to prioritize shorting on rallies. Consider placing short orders in the 4460-4480 resistance zone, with short-term targets at 4430 and 4400; if the price effectively breaks below 4400, further downside targets are at 4380! #黄金 $XAUT