6.2 Morning Gold Reference Ideas



News aspect: U.S. PCE inflation data exceeded expectations, showing persistent inflation, causing the market to delay expectations of the Federal Reserve cutting interest rates. The dollar remains strong, putting pressure on gold prices to rise!

Technical aspect: After a sharp decline overnight, gold bottomed out and rebounded in a V-shape. Short-term bearish momentum is gradually exhausted, and the market has entered a range-bound consolidation. On the daily chart, the rally still shows a weak pullback, mainly a high-level correction, maintaining a volatile pattern in the short term!

Trading reference: If the price rebounds to the 4485~4500 zone and faces resistance, consider short positions, with a stop loss at 4510. Downward targets are 4460 and 4430! #黄金 $XAUT
XAUT0.23%
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