6.1 Jianjie Spot Gold Morning Outlook



News
Over the weekend, geopolitical risk aversion sentiment slightly eased, and gold prices opened lower in the morning before slightly rebounding; the US dollar and US Treasury yields remain high, continuing to pressure gold prices.
The Middle East geopolitical conflict has not been fully resolved, still providing safe-haven support at the bottom for gold. Overall, the market is intertwined with bullish and bearish news, with no major data in the short term, and the market remains volatile.

Technical
On the daily chart, gold prices are clearly under pressure at high levels, with the 4600 resistance level unable to be broken for a long time, and bullish momentum gradually weakening;
On the hourly chart, there was a low open rebound, maintaining a small range of oscillation in the short term. The support at the 4500 integer level is strong, with short-term resistance at 4580. The overall trend is high-level oscillation with a slight weakness.

Trading Ideas
Short at 4575-4580 on rebound, stop loss at 4605, target 4530-4500#现货黄金 $XAUT
XAUT-0.82%
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