5.26 Gold Analysis: Go long at low prices

5.26 Gold Analysis: Go long at low prices

Daily level:

Gold price has repeatedly failed to break through $3,370, indicating that there is strong resistance and selling pressure above, and the upward channel is blocked. If gold price continues to fail to break through, it may turn to a correction.

4-hour chart:

MACD: Death cross is formed but the green column is shortened, the short-selling momentum is weakened, and there is a possibility of bottom divergence.

RSI: Rebounded from the oversold area (below 30) to 36, suggesting that there is a need for oversold repair in the short term, but it has not yet entered the neutral area, and the strength of the rebound remains to be seen.

Short-term trend: After filling the gap in the Asian session, it fell under pressure, and broke the bottom in the European session but was accompanied by indicator divergence. Short-term may enter the repair stage, and attention should be paid to the direction selection after adjustment.

Key positions:
Support level: 3320-3322 (key support level during the day), 3306 (short-term psychological level), 3300 (strong support level).

Resistance: 3345 (initial pressure), 3365 (upward space may be opened after breaking through), 3370-3380 (strong resistance area).

Operation suggestions
Short-term long orders (light positions):

Entry point: 3330-3335 area, bullish rebound near the support level.

Stop loss: 3315

Target: 3360+

Logic: indicator divergence repair + support level resonance, low liquidity during the US stock market holiday, volatility may be limited.

Risk warning
The US market is closed: reduced liquidity may lead to irregular price fluctuations, and short-term transactions need to reduce positions.

Future outlook
Short-term: 3300-3365 range oscillation, pay attention to the breakthrough direction. If 3300 is maintained, it may continue to rebound and test 3365; if it falls below, it will open up to 3250.