6.1 Midnight Gold Analysis

U.S. market gold drops 73 points in a cliff-like decline! The bearish trend for gold is confirmed, follow the trend to succeed

From the news perspective, tonight's U.S. May ISM Manufacturing PMI unexpectedly rose to 50.3, returning to expansion territory, significantly dampening expectations of a rate cut by the Federal Reserve this year. The U.S. dollar index and Treasury yields surged simultaneously, weakening gold's safe-haven properties, coupled with profit-taking from long positions at high levels, triggering a market stampede sell-off.

Turning to technical analysis, the 1-hour moving averages are all in a bearish alignment, with a large bearish candle directly breaking through all short-term support levels. Although the KDJ indicator has entered the oversold zone, it has not yet formed an effective turning point, with bearish momentum dominating.

Finally, Teacher Yan Yan's trading strategy: during the remaining evening hours, firmly short on rebounds, decisively enter short positions when rebounding to the 4470-4480 range, with targets at 4450-4440, and if broken, continue to look lower at 4420. Strictly avoid blindly bottom-fishing, and strictly control position sizes. #黄金 #黄金