5/28 Gold Analysis and Trading Signals

5月27日

Good morning everyone!

Yesterday, gold saw a sharp downward move, and we profited well by trading short based on the double-top pattern.

Yesterday, gold has reached the 3287 support area, and by the end of the U.S. session it rebounded slightly above 3300. Although the rebound lacks strong momentum, it does show that the support zone held on the first test. Whether the bulls can take back control depends heavily on today's follow-up strength.

📊 Key Technical Levels:

If bulls break above and hold 3323–3336, a bullish reversal is likely;

If the bounce is weak, short positions remain the preferred strategy;

4H support: 3268

Daily support: 3172

Before that, 3301–3275 also forms an important support zone;

If price breaks below 3301–3275, especially under negative news impact, a drop to 3150 or even 3100 is not out of the question.

🗞 Key News Focus Today:

Watch for May FOMC-related remarks during the U.S. session, which could become a catalyst for major market movement.

📈 Today’s Trading Plan:

📉 Sell in the 3342–3362 zone (strong resistance)

📈 Buy in the 3258–3248 zone (strong support)

🔁 Flexible intraday levels to monitor:

3336 / 3328 / 3319 / 3306 / 3295 / 3286 / 3274 / 3266

Stay sharp and combine technicals with key news events to make informed trades. Feel free to reach out if you need support — wishing you a profitable day ahead!

5月28日

交易進行

Gold rebounded to the 3318–3326 zone during the European session, but the bullish momentum weakened, allowing bears to regain control and push the price back below 3300. Although the price is currently hovering near a support area, the overall structure and indicators on the 1H and 2H charts suggest that bulls are quickly losing their advantage.

Further downside is likely in the short term, with key support seen at the 3275–3268 zone. This area served as a consolidation range earlier and could be a make-or-break level. A break below it may open the door for a deeper correction toward 3255 or even lower.

On the upside, 3306–3318 remains a key resistance area. Given the current market conditions, a move back to 3318 seems unlikely—unless upcoming news (expected in 2 hours) gives bulls a reason to re-enter with strength.