6.2 Morning Gold Outlook

Pre-Non-Farm Payrolls Jumping Early! Today's Gold Deadly Support and Resistance Levels Have Been Set

From the news, I see that multiple Federal Reserve officials have sent hawkish signals, and the market's probability of rate cuts in July has sharply dropped to less than 40%, with the dollar and U.S. Treasury yields strengthening simultaneously; at the same time, the market is pre-absorbing optimistic expectations for this Friday's non-farm employment data, with safe-haven funds temporarily withdrawing from the gold market, becoming the main driver of this round of decline.

Regarding technical analysis, the 1-hour chart shows all moving averages in a bearish arrangement, and the ATR indicator continues to decline, indicating short-term volatility is narrowing. The rebound momentum is insufficient, with the 4490-4500 range above acting as a strong resistance zone.

Finally, Teacher Yan Yan's trading strategy is to mainly go short during the Asian session, gradually short on rebounds to 4480-4490, targeting 4470-4460; if the price effectively breaks below 4470, it can follow the trend with light positions to short, #黄金 strictly set stop-losses, and keep positions within 10%. #黄金