5.28 Gold Midnight Review: Bears Temporarily Take a Breather, Still Need Caution for the Rebound

Market Review: Tonight, the gold price rebounded strongly from the intraday low of 4366.65. It is currently quoted around 4480, and the intraday decline has been significantly narrowed. The technical correction following an oversold condition has been realized, but overall it has not yet broken through key resistance.

Trend Analysis: On the 30-minute chart, the moving averages have turned upward, and the KDJ indicator has entered the overbought zone. Although the 1-hour chart is still in a short-term downward channel, the KDJ golden cross is pointing up, and the rebound momentum continues to be released. The resistance area above at 4500-4510 is strong. If it cannot be broken, the bearish trend may still continue. Right now, this is only an oversold rebound correction and has not formed a reversal signal.

Coco’s Suggestion: In the short term, focus mainly on selling the rebound highs. If the rebound reaches the 4495-4515 range, you can consider building positions in batches, with strict risk management. In the near term, watch the 4450 support first; if it breaks, look toward around 4420. The current rebound is not a trend reversal—do not blindly chase longs. Only by trading with the trend can you stay steady and in control.

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