5.4 The Fourth's Evening Gold Trading Ideas Sharing

News: Today, many countries' markets are closed due to holidays, leading to a significant reduction in market liquidity and further amplifying price fluctuations. The US dollar index rose slightly, with real interest rates also warming up, putting obvious pressure on gold. Coupled with market caution ahead of non-farm payroll data, long capital exited profitably, driving gold prices to continue weakening and retracing.

Technical: On the hourly chart, gold prices sharply declined intraday, breaking below the lower band of the Bollinger Bands, which are in an opening state, indicating a clear bearish pattern. The price fell below moving averages and previous consolidation support levels, with short-term moving averages trending downward, continuously suppressing the market. The KDJ indicator has entered oversold territory, suggesting a small technical rebound may be needed in the short term, but overall bearish momentum remains strong, limiting the rebound strength.

Trading Strategy: If the market rebounds to the 4570-4590 range and faces resistance, consider gradually shorting. The first support below is at 4550, and if broken, look for a further decline to 4520. #黄金 #现货黄金 $XAUT