May 28 Gold Price Analysis



Gold initially surged and faced resistance, then experienced a sharp decline. The 15-minute Bollinger Bands opened downward, and the current small rebound is just a weak correction after the decline, not a trend reversal. The bullish rebound is insufficient, with obvious resistance around 4401, making it difficult to break through effectively.

Fundamentally, market expectations for high interest rates have not weakened, and the dollar may strengthen, continuously suppressing gold's upward potential. The overall trend remains dominated by bears, with very limited room for a rebound. In terms of trading, consider short positions near resistance levels above, with a key focus on the 4370 support. Once broken, gold prices are likely to continue falling.

Trading suggestion: 4410-4430 short, $BTC target 4380-4350.
PAXG0.98%
BTC-2.02%
GT-2.02%
ETH-1.96%
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