Wednesday, June 5 Gold Morning Analysis



Technical aspect: The 4-hour gold price has stabilized after stopping its decline at the 4500 level, with the lows gradually rising. The lower band of the Bollinger Bands provides solid support. Short-term rebound momentum continues to recover. 4500 is a key defensive level; as long as it is not broken, the bullish trend will continue to rise and recover.

News sentiment: Market sentiment is cautious. The slight rebound of the US dollar has limited pressure on gold prices. Geopolitical safe-haven support remains, with no major negative news at the moment. Overall, the market maintains a sideways to bullish pattern.

Suggestion: Consider buying on dips near the 4550 range, with targets at 4590 and a breakout above 4600. Strictly adhere to defensive trading strategies.
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