6.1 Evening Gold Trading Ideas

Who is dumping gold? The conflict escalation does not lead to a rise but a decline, the last trading window before non-farm payrolls

From a news perspective, today the US-Iran conflict has escalated again, with the US military conducting weekend airstrikes on Iranian military facilities, and Iran retaliating by attacking US military bases in Kuwait, but safe-haven sentiment has not effectively boosted gold prices. Instead, oil prices rebounded above $90 per barrel, boosting inflation expectations, coupled with hawkish comments from Federal Reserve officials, causing the rate cut expectations for the year to be completely dashed, and concerns about rate hikes to intensify, becoming the main reason for gold price declines.

Now, speaking technically, the 1-hour chart’s 4500 level has become a key battleground between bulls and bears, with resistance at 4520-4540 and support at 4480-4460.

Finally, Teacher Yan Yan’s trading strategy logic: currently, gold is in a high-level oscillation and adjustment phase, mainly shorting in the evening, with light positions on rebounds at 4510-4520, targeting 4490-4480. Strict position control and risk management. #黄金 #黄金下跌