5.6 Evening Gold Analysis High-level resistance diminishes momentum, evening trend leans towards weakness and decline

Gold evening market sharply pulls back after intraday rally, overall trading momentum gradually weakens, short-term technical correction needs continue to grow. Signs of resistance at high levels are obvious, with strong upper resistance pressure, making it difficult to sustain a strong upward trend later on.

The overall trend has entered a high-level consolidation phase, with bullish momentum gradually weakening, leaning towards continued weak correction in the short term. The evening is likely to continue a sideways downward rhythm, with heavy resistance at high levels, limited rebound space, and each small rebound being a good exit opportunity.

Operationally, the overall approach is to follow the weak trend at high levels, participating in rebounds near resistance levels, avoiding blindly chasing rallies, controlling the rhythm based on upper resistance levels, and waiting for further downward extension of the market.

Trading suggestions:
Gradually short in the rebound zone of 4700-4720
Target at 4660-4640
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