6.2 Wenjie Spot Gold Evening Outlook



News
The current market is generally bearish, with U.S. bond yields and the dollar remaining strong, suppressing the rebound space of gold prices. Although Middle Eastern geopolitical risks have not fully dissipated, they provide some safe-haven support, preventing a deep decline in gold prices, but the safe-haven support strength is limited, making it difficult to drive a trend upward. The evening market will mainly follow the fluctuations of dollar funds with a sideways trend.

Technical
The daily large-cycle bearish structure remains unchanged, with a clear high-level resistance and pullback trend. In the short-term hourly chart, it is in a weak correction after being oversold, with insufficient rebound momentum.
Key levels:
Resistance: 4545–4550 (evening core resistance), 4580 strong resistance
Support: 4500 short-term support, 4480 key defense, 4450 strong support

Trading ideas:
In the evening, if the rebound reaches 4540–4550 and faces resistance, consider short positions, with a stop-loss above 4562, targeting 4510–4480, and watch for a break #外汇黄金 below 4450.
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