6.1 Midday Gold Trading Ideas

The surging gold suddenly stalls and crashes! Is it time to buy the dip or cut positions?

From the news perspective, market expectations for a Federal Reserve rate cut in June have further cooled down, combined with the three major US stock indices collectively strengthening (Dow Jones up 0.72%), leading to a significant outflow of safe-haven funds from the gold market.
Looking at the technical side, the 1-hour moving averages are in a bearish alignment, with prices continuously breaking below the 5-day, 10-day, and 20-day moving averages; the KDJ indicator shows a death cross and diverges downward, with the J value entering the oversold zone, indicating short-term bearish momentum dominates, but there is a slight rebound correction demand.

Finally, Teacher Yan Yan's trading strategy: intra-day short-term focus on high short positions, entering light short positions on rebounds to the 4530-4540 range, targeting 4500-4490; if the 4500 support is effectively broken, look further down to around 4480, but avoid blindly shorting before a clear breakdown, and strictly keep position sizes within 20%. #黄金、 #伦敦金