Market Overview - The market is characterized by a constant tug-of-war between bullish and bearish sentiments, leading to fluctuations in price movements [1] - The focus should be on strategies to protect capital and respond to market changes rather than predicting market direction [1] Gold Market Analysis - On May 29, spot gold experienced fluctuations, opening at $3285.91 per ounce, reaching a high of $3294.46, and a low of $3245.29, closing at $3280.01, reflecting a decline of 0.34% [1] - Gold prices have fallen for four consecutive days due to multiple factors: a U.S. court ruling boosting market risk appetite, a hawkish stance from the Federal Reserve's meeting minutes, rising U.S. Treasury yields, and the dollar index returning to the 100 mark [1] - Despite the recent decline, medium to long-term support factors are accumulating, particularly due to delayed expectations for Fed rate cuts and escalating geopolitical tensions in the Middle East [1] - The market is closely watching the upcoming U.S. PCE price index release, which will provide critical guidance for assessing the Fed's policy direction and future gold price trends [1] Technical Analysis - The current prediction for gold indicates a potential downward adjustment from $3365, with two possible scenarios: one suggesting a five-wave upward movement and the other indicating a three-wave ABC structure [2] - The recent drop below the key support level of $3280 confirms the three-wave ABC structure, suggesting that gold may not reach new highs in the short term and is currently in the final Z-wave downward adjustment [2] Trading Strategy - A short position strategy is recommended: if gold rebounds to the $3300-$3310 range and faces resistance, a light short position can be initiated with a stop-loss above $3320 and a target set at $3270-$3280 [4]
5.29黄金反复上下横跳，今日黄金走势分析及操作策略
Sou Hu Cai Jing·2025-05-29 12:50