5.28 Gold Evening Review: The trend rules, don't clash head-on with the bears

Review of the market: The afternoon review's prediction of "continued decline, rebound to short" was once again accurately fulfilled! Gold prices faced resistance in the 4400-4420 range and continued to decline, touching a low of 4366.65. The current quote is around 4384, with intraday decline expanding to 1.6%. The bearish force continues to dominate, fully in line with Coco's rhythm judgment.

Trend analysis: Both the 30-minute and 1-hour moving averages are in a bearish arrangement, and the Bollinger Bands are opening downward. The strong resistance is formed in the 4400-4410 zone above; although the 1-hour KDJ indicator is in the oversold area, the 30-minute KDJ has not yet shown a clear reversal signal. Short-term downward momentum is still being released, and the overall bearish trend remains unchanged, with a clear bearish outlook.

Coco's suggestion: Continue to adhere to the rebound-to-short strategy, and consider partial positions around 4400-4425 during rebounds, with strict risk control. The short-term target is first 4360, and if broken, then around 4330. The current decline is clear; avoid blindly bottom-fishing. Trading with the trend is the way to secure steady gains!

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; enter with caution.