May 28 Evening Gold Trading Ideas


Gold plunges 70 points! Losing the 4400 level, is the bearish wave just beginning?

From a news perspective, the market is waiting for the U.S. April core PCE data, with inflation resilience expectations rising, coupled with a rebound in the dollar index and a warming risk appetite in the U.S. stock market, leading funds to flow out of safe-haven assets and putting pressure on gold prices to retreat.

On the technical side, the 30-minute/1-hour chart shows a bearish alignment of moving averages, with short-term rebounds facing resistance; although the KDJ indicator shows a turn at low levels, overall it remains weak, with support at 4366 temporarily holding, and key resistance at 4410-4430.

Finally, Teacher Yan Yan's trading strategy: The current bearish trend is clear, and a light short position can be attempted on rebounds to the 4400-4420 range, targeting 4370-4360; if it breaks below 4366, add to the position accordingly, with support at 4330. #黄金 #黄金
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