Analysis of the latest gold market trend on May 20:
📌 Core market logic: Risk aversion dominates, gold fluctuates at high levels
Geopolitical risks surge
Middle East situation: Israel launches large-scale ground operations in Gaza, and the conflict escalates.
Russia-Ukraine war: Russia launches the largest air strike since 2022, and negotiations break down.
Iran nuclear issue: Iran's tough statement of "never stopping uranium enrichment" has aggravated market concerns.
Financial system turmoil
Moody's downgrades US rating: Market concerns about the credit of the US dollar have increased, and gold has become more attractive as an alternative asset.
Global trade war risk: As uncertainty increases, demand for gold hedging rises.
Economic data is light
There is a lack of heavy data this week, and the market focus is still on geopolitics and risk aversion.
📊 Technical key signals
1. Daily level: Stand firm on the 60-day moving average, bulls dominate
Last week, the long shadow of the middle Yin line was closed, showing strong support at 3200.
Monday's gap-up opening broke through short-term resistance, but there is still pressure in the 3250-3260 area.
Bollinger Bands closed, if it stands firmly on the middle track (near 3280), it may open up to 3350-3400.
2. 4-hour level: strong shock, pay attention to key breakthroughs
Bottoming out + gap-up opening, short-term bulls dominate, but it is still a volatile market before 3280 is broken.
Support below 3200-3210 (key retracement long area).
Resistance above 3250-3260 (if it breaks through, it will test 3280, and the rise may accelerate after breaking).
🎯 Today's trading strategy
📌 Short-term operation ideas: low-long mainly, high-short as auxiliary
✅ Long opportunity (main strategy)
Entry point: 3200-3210 (retracement to support zone)
Target: 3250 → 3265 → 3280
Stop loss: below 3190 (to prevent false breakthrough)
⚠ Short opportunity (secondary strategy, operate with caution)
Entry point: 3250-3260 (short before breaking)
Target: 3220 → 3200
Stop loss: above 3270 (to prevent unilateral rise after breaking)
📌 Medium and long-term layout
If it breaks through 3280 → you can chase long, target 3350-3400.
If it falls back to 3200 without breaking → it can be regarded as a second opportunity to arrange long orders.
⚠ Risk Warning
Geopolitical changes (such as ceasefire agreements, cooling of the situation) may cause a rapid correction in gold.
Dollar trend (if the Fed releases hawkish signals, it may suppress gold).
Technical key position (whether 3280 is broken or not determines the subsequent trend).
📢 Conclusion: Gold is supported by safe-haven in the short term, but we need to be wary of high-level fluctuations. It is recommended to mainly go long on lows and strictly stop losses!
