Gold's Short-term Bearish Momentum has Strengthened

XAUUSD Gold Traders

Hello everyone! Today i want to share some macro analysis with you!

1

Technical Analysis: Gold's short-term bearish momentum has strengthened. The MACD indicator has entered below the zero line, indicating a bearish short-term market sentiment, while the RSI indicator continues to decline, suggesting weakening bullish buying pressure. Gold has successfully broken below 4500 and is currently undergoing a technical rebound. The key resistance level for the day is at $4565-70. Further declines are expected today, so a sell-only strategy is recommended.$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$

Strategy: Sell: $4554-58 TP: $4515-4510 SL: $4570 (Adjust according to personal preference)

2

Gold prices suddenly plunged in early Asian trading on Monday (May 18), falling by about $55. Latest news from the Middle East spurred oil prices to a two-week high, and a stronger dollar further pressured gold prices.

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Today i want to share some macro analysis with you!</p>\n<p style=\"text-align: left;\"></p>\n<p style=\"text-align: left;\">1</p>\n<p style=\"text-align: left;\">Technical Analysis: Gold's short-term bearish momentum has strengthened. The MACD indicator has entered below the zero line, indicating a bearish short-term market sentiment, while the RSI indicator continues to decline, suggesting weakening bullish buying pressure. Gold has successfully broken below 4500 and is currently undergoing a technical rebound. The key resistance level for the day is at $4565-70. Further declines are expected today, so a sell-only strategy is recommended.<a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p style=\"text-align: left;\">Strategy: Sell: $4554-58 TP: $4515-4510 SL: $4570 (Adjust according to personal preference)</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/3827a3458d2475deadf0d045650d0e67\" tg-width=\"1148\" tg-height=\"495\"><span></span></p>\n<p style=\"text-align: left;\">2</p>\n<p style=\"text-align: left;\">Gold prices suddenly plunged in early Asian trading on Monday (May 18), falling by about $55. Latest news from the Middle East spurred oil prices to a two-week high, and a stronger dollar further pressured gold prices.</p>\n<p style=\"text-align: left;\"></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\">Hello everyone! Today i want to share some macro analysis with you!</p>\n<p style=\"text-align: left;\"></p>\n<p style=\"text-align: left;\">1</p>\n<p style=\"text-align: left;\">Technical Analysis: Gold's short-term bearish momentum has strengthened. The MACD indicator has entered below the zero line, indicating a bearish short-term market sentiment, while the RSI indicator continues to decline, suggesting weakening bullish buying pressure. Gold has successfully broken below 4500 and is currently undergoing a technical rebound. The key resistance level for the day is at $4565-70. Further declines are expected today, so a sell-only strategy is recommended.<a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p style=\"text-align: left;\">Strategy: Sell: $4554-58 TP: $4515-4510 SL: $4570 (Adjust according to personal preference)</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/3827a3458d2475deadf0d045650d0e67\" tg-width=\"1148\" tg-height=\"495\"><span></span></p>\n<p style=\"text-align: left;\">2</p>\n<p style=\"text-align: left;\">Gold prices suddenly plunged in early Asian trading on Monday (May 18), falling by about $55. Latest news from the Middle East spurred oil prices to a two-week high, and a stronger dollar further pressured gold prices.</p>\n<p style=\"text-align: left;\"></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1 Technical Analysis: Gold's short-term bearish momentum has strengthened. The MACD indicator has entered below the zero line, indicating a bearish short-term market sentiment, while the RSI indicator continues to decline, suggesting weakening bullish buying pressure. Gold has successfully broken below 4500 and is currently undergoing a technical rebound. The key resistance level for the day is at $4565-70. Further declines are expected today, so a sell-only strategy is recommended.$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Strategy: Sell: $4554-58 TP: $4515-4510 SL: $4570 (Adjust according to personal preference) 2 Gold prices suddenly plunged in early Asian trading on Monday (May 18), falling by about $55. Latest news from the Middle East spurred oil prices to a two-week high, and a stronger dollar further pressured gold prices. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":18,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/565585382429112","repostId":0,"isVote":1,"tweetType":1,"viewCount":410,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":970,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/565585382429112"}