Is gold plummeting at an accelerated pace, approaching the 3,000

5月15日

Gold has been maintaining a stable pattern of oscillating decline in yesterday's trend. The market direction is biased towards the bearish trend. Yesterday, gold rebounded several times but was blocked and fell back. It fell rapidly in the evening and fell below the 3200 mark. For today's market trend, it still maintains a bearish trend. The current lowest decline has touched the 3148 US dollar line. It finally closed at the 3178 US dollar line at the end of the trading day. It ended weakly. The daily line closed with a big Yin line with a lower shadow slightly longer than the upper shadow line. After such a pattern, the downward trend of gold is clear. Any rebound is a good opportunity for us to continue to short! Today, gold focuses on the upper resistance of 3170 US dollars. Rebounds rely on the resistance below to continue shorting. Look at the low point of 3130 US dollars below. If it falls below, look at the 3100 US dollar line!

Today, the focus of the market is to pay attention to the gains and losses of the 3200 mark. Gold continues to remain below the 3200 mark. Referring to the pressure level of 3200, we continue to see a decline. If the market turns strong and stands above 3200, it may enter a period of shock adjustment, but it will not reverse. Only when the market stands above 3265 again, the market may reverse!

Overall, today's short-term operation strategy for gold is to sell on rebounds and buy on pullbacks. The short-term focus on the upper resistance of 3165-3170 is the focus, and the short-term focus on the lower support of 3115-3110 is the focus

Gold strategy:

Interval buy: 3115-3110, SL: 3100, TP: 3135-3150

Interval sell: 3165-3170, SL: 3175, TP: 3140-3130

Key points:

First support: 3115, second support: 3110, third support: 3100

First resistance: 3165, second resistance: 3170, third resistance: 3175

5月15日

註釋

News: Gold prices continued to fall on Thursday and were under pressure from a variety of factors. Optimism about Sino-US trade has weakened gold's safe-haven effect. In addition, the reduction in bets on the Fed's rate cuts and the rise in US Treasury yields are also not conducive to gold prices. Despite short-term pressure, gold's fundamentals remain solid. Global geopolitical risks remain, and central banks continue to increase their gold reserves to diversify US dollar risks. Technically, CCI has fallen to the oversold area, which may trigger a technical rebound. If the Fed sends more dovish signals in the next few meetings and the geopolitical situation escalates again, gold prices are expected to return to above $3,200. On this trading day, investors will focus on key data such as US retail sales and the speech of Fed Chairman Powell to find new trading momentum.

Technical: Gold is currently bottoming out and trying to recover some of its previous losses. From the four-hour level, as time goes by, the current upper 3170 is the key resistance. During the European session, it directly broke the previous day's low position, which is short-term weak. Look at the pressure before breaking the European session high. At present, the daily line closed with a long shadow in 4 hours, and the European session stabilized at 3170. Be alert to the bulls' counterattack. Be cautious in shorting at night to prevent the main force from washing the market. Comprehensive analysis of the evening's suggestions: first rise and then fall; focus on the upper resistance of 3170, and break the resistance to 3205; focus on the lower short-term 3120 line, and break the resistance to 3100 support! GOLD watershed: 3170 US dollars