XuJingnan

Next week (May 18–22) the overall outlook for gold is: first suppressed, then choppy consolidation; bearish bias dominates, with limited room for a rebound. Core range for international gold prices: $4,450–$4,580 per ounce; Shanghai gold: 990–1,015 RMB per gram.
⚠️ This forecast is for reference only and does not constitute investment advice.
Higher interest rate expectations weigh down the market + the US dollar is relatively strong + a technical breakdown; the rebound is most likely a bull trap, and it’s difficult to change the bearish structure.
Key support: $4,500 per ounce (strongly def