Gold Midday Outlook



U.S. Treasury yields continue to rise, market bearish sentiment intensifies, and gold prices remain under pressure, with a total decline of nearly $56, making the bearish trend more evident.

Price pullback pushes resistance levels lower, with short-term resistance at 4490 and strong resistance at 4510; key support levels are 4450 and 4420 below.

In terms of trading, prioritize following the trend for shorting, with light positions for quick long trades as a supplement.
Rebound to 4480-4500 encountering resistance, consider short positions targeting 4440 and 4420; if broken, look for 4400.

A shallow long position can be taken on dips to 4430-4450; if 4420 is lost, exit longs and follow the trend to short.
Trade must be managed with proper position control and strict risk management. #TradFi交易分享挑战 #30年期美债收益率突破5%
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