XAUUSD Trading Strategy Before the US Market Open on May 5, 2026

After the European session opened, around 19:00 Beijing time, the price moved downwards to around 4540, then found support. The bulls pushed the price up, and as of the time of writing, it has successfully reached the first resistance level of 4565. XTrader is attempting to short at this level. The next resistance level is 4595; be wary of a potential spike.

Continuing with the morning's trading strategy, short on rallies. If a large bullish candle appears, it's advisable to observe first, waiting for the bulls to take profits before moderately increasing the short position for a short-term trade, using a trailing stop-loss order and holding a small position for a longer term.

Pay attention to the impact of data releases from 8:30 PM to 10:00 PM US time on the price. Be aware of the impact of large sell orders.

All times are UTC+8.

This is solely the opinion of the XTrader trader and does not constitute any trading advice. XTrader is not responsible for any trading results.

Made By XTrader On 2026-05-05

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