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May 28 Afternoon Gold Market Analysis
Intraday gold continues its weak decline, successively breaking below two important support levels at 4500 and 4400. From a technical perspective, the 60-day moving average and the 100-day moving average form a death cross pattern, establishing a medium-term bearish trend, and the overall selling pressure in the market is significant!
In the short term, the market is weak and oscillating, currently in a low-level consolidation phase. It is expected that there will be a technical rebound in the afternoon, but the rebound space is relatively limited. Trading should still follow the trend, with a preference for short positions at higher rebound levels!
Trading Suggestions
A short position can be entered on a rebound to the 4400-4415 range, with targets below successively at 4350, 4320, and 4300! #黄金 $XAUT