6.1 Wanjie Spot Gold Evening Outlook



News
The overall market sentiment tonight is cautious, with U.S. Treasury yields and the dollar remaining high, continuously suppressing gold prices and limiting the rebound space. Meanwhile, Middle Eastern geopolitical risks have not fully dissipated, and safe-haven sentiment supports gold prices, making the overall decline limited. The market presents a macro bearish and geopolitical support oscillation pattern, with a focus on short-term volatility caused by tonight’s data.

Technical
Gold fluctuates weakly at high levels during the day, with insufficient rebound momentum and a continuous downward shift in highs. The 4-hour cycle shows clear resistance, with a short-term bearish bias.
Key resistance: 4510–4530
Key support: 4480, 4450
Currently, gold prices are trading around the mid-range of the interval with a weak tendency, without clear signs of a decisive breakout, forming an overall oscillating and bearish structure.

Evening Trading Strategy
If the rebound reaches 4510–4530 and faces resistance, prioritize short positions. If the price breaks below 4480, extend the short down #现货黄金 to 4450.
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