May 28 Morning Gold Sharing by Ze



Today, gold surged and then pulled back in the early session, with the price rising to around 4466 before facing resistance and dropping sharply, the decline continued during the session, with a low of 4366. Currently, gold is fluctuating around 4382, with bearish sentiment releasing within the day.

From the news perspective, the market has delayed expectations of the Federal Reserve's rate cut, the US dollar and US Treasury yields continue to strengthen, thoroughly suppressing the upward space for gold and silver. Additionally, the safe-haven sentiment that previously supported gold prices has completely faded, and there is no positive capital support, causing prices to continue declining weakly.

The technical trend is weak, with the market continuing its downward pace, all short-term moving averages turning downward, indicating a clear bearish trend. The rebound strength of gold is insufficient, and the resistance zone above is difficult to break through, currently trading around 4380. There is short-term support at 4365, with strong support at 4350.

Gold can retrace to around 4360-4375, with targets at 4400-4450. #股票交易挑战最高赢17000U
PAXG-0.17%
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