May 26 Morning Gold Market Strategy Analysis


The new Federal Reserve Chair's hawkish stance is clear, with the expectation of interest rate cuts this year essentially eliminated, and the possibility of rate hikes remaining; the US dollar and US Treasury yields are high, continuously suppressing the rebound space of gold prices.
The situation in the Middle East remains volatile, and geopolitical risk aversion has not fully dissipated; global central banks continue to buy gold, with strong buying support around the 4500 level.
Short at 4570-4590 on rebounds, stop loss at 4600, target 4539-4500, break below to watch 4480.
Buy on dips at 4520-4550, stop loss at 4510, target 4570-4600, exit upon encountering resistance.
Today’s market is volatile, strictly avoid chasing gains or cutting losses, enter in batches. Overall positions should be tightly controlled, as intraday fluctuations are easily affected by US dollar and geopolitical news surprises.
GLDX-1.85%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned