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ゴゴ太郎
05/19/2026 20:37
Release： 05/19/2026 20:37
Update： 05/19/2026 20:37
ゴゴ太郎
Investment style : Day Trade
Investment career : 5-7 years
Investment amount : 50 million - 100 million JPY
My name is Gogo Taro. I am a part-time trader specializing in GOLD (XAUUSD). While working as a company employee, I have practiced rule-based trading for over five years. In the first few years I moved by emotion and incurred losses, but after I committed to "enter with a basis and protect with rules," the results changed. Every day at lunchtime, I post GOLD market analyses. Instead of difficult theory, I keep it simple with "where to enter today." I strive to make the basis understandable even for beginners. Let's build up trades with solid justification together.
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[May 20] "Only the evidence removes doubt."

Continuing to sell can be scary, you know.
In the past, I would hesitate and think, “maybe the bottom is here,” and I would quickly let go of my short positions. After that, I’ve experienced watching the price slide down right in front of the screen.
In today’s article, for those who share the same hesitation I had back then, I will整理 today’s GOLD market environment and reference lines.

Today's Market Situation

The current price is around $4,495. After a sharp drop over the past few days, from the high $4,590 range on May 15 to the $4,464 area, it has slightly rebounded today.
The 1-hour EMA20 (short-term moving average) is $4,511, and EMA75 (mid-term moving average) is $4,558, both currently above the price. EMA200 (long-term moving average) is in the $4,610s, higher up.
RSI (a measure of overbought/oversold) is currently 38.62. It has risen from 31.63 three hours ago, indicating a short-term rebound may be starting.
In short, the major trend remains downward, and the price is currently in a phase of a small rebound.

Gogo Taro’s View

This article is personal analysis and does not constitute investment advice or solicitation. Please make buy/sell decisions at your own risk.
If the current price returns to around the 1H EMA75 near $4,558, I expect that line to be treated as the returning-sell zone. As long as the EMA sequence remains 20 < 75 < 200, I don’t intend to change my bearish stance.
On the other hand, if the price clearly moves above $4,610 (1H EMA200), I think the bearish view should be temporarily removed. It will require substantial momentum to reach that level, but I’ll keep that possibility in mind.
It’s true that RSI is turning upward, so a short-term rebound may continue. However, I view that as a “good opportunity to wait for a selling opportunity on the rebound.”

Today’s Reference Lines

This is only a reference value based on personal analysis. Please make your own trading decisions.
▼ Short (selling on rebounds)
Reference zone: $4,553–$4,563 (basis: 1H EMA75 at $4,558)
Reference take-profit line: $4,465
Reference stop-loss line: $4,615
Expected risk-reward: 1.63
Because the RR is in the 1.5s, be extra cautious. Always confirm your stop-loss settings.
Also, as RSI is turning upward, please judge rebound entries with caution.

Important Lines

Resistance ①: $4,511 (basis: 1H EMA20)
Resistance ②: $4,560 (basis: 1H EMA75)
Resistance ③: $4,590 (basis: previous day high)
Support ①: $4,465 (basis: previous day low)
1H EMA200: $4,610 (A breakout above this line accelerates the move)

Today's Saying

“It's much harder to wait for a place with a solid basis than to stop due to fear without grounds.”

This article is personal analysis and does not constitute investment advice or solicitation. Please make buy/sell decisions at your own risk.
If you found this helpful, a follow would be encouragement.
Feel free to leave questions or impressions in the comments.