# 外汇黄金

May 18 Wenjie Gold Evening Outlook
Currently, gold prices are quoted around 4540, with a short-term dip to a new low of 4480 followed by a slight rebound at low levels. The overall trend is clearly bearish, with a weak rebound strength, continuing a oscillating downward pattern.
Market Core Logic
U.S. economic data remains resilient, delaying the market’s expectation of Federal Reserve rate cuts. The dollar and U.S. Treasury yields continue to strengthen, continuously suppressing gold prices. Technically, breaking below key supports at 4600 and 4550 fully opens the bearish trend. All sho

U.S. Eastern Time 8:30 this morning, which is 8:30 p.m. Beijing time, the weekly initial jobless claims for the week ending May 9 and the U.S. monthly retail sales data will be announced.
These two sets of data directly influence gold prices and are key messages that must be closely monitored this week.
U.S. retail sales data is known as a "scary data" point, easily triggering sharp market volatility, and directly affecting gold prices in the short term mainly through two logical factors: the strength or weakness of the dollar and the Federal Reserve's interest rate cut expectations:
Data exce

Yesterday, on Monday, gold was short at the 4727 level! Very accurate! Gold touched the low at 4667 at the end of yesterday’s session! Our short at the 4727 level was a perfect entry! Shorted down to the low of 4670 for a big win, taking 57 points, 5718🔪
From the 1-hour timeframe, the price is clinging to the middle band with a weak recovery. The Bollinger Bands are continuously tightening. The current rebound strength hasn’t even fully stabilized above the middle band—this is not a reversal, just a technical pullback after the drop.
Trading recommendation: Gold 4660-4670 🈳, target 4700-4720

#XAU Follow the rebound of 10-12 short positions heading south, target 05-00#外汇黄金