6.2 Evening Gold Trading Ideas

Bullish momentum is weakening! Gold's rebound has peaked, and the short-selling strategy for the evening is clear

From the news perspective, the expectation that the Federal Reserve will cut interest rates by 25 basis points in June has been priced in by over 80%, and there are no major data releases in the evening to support continued gains for the bulls; U.S. Treasury yields have stabilized and rebounded in the short term, the dollar index has stopped falling and rebounded, and the Middle East situation has not further escalated, leading to a retreat in safe-haven buying, causing gold to lose its core upward momentum.

From a technical perspective, the 1-hour chart's MA5 is flattening and turning, the price is deviating from the moving average and needs to pull back, with strong resistance at 4542, major resistance at the previous high of 4595, and support at 4510 and 4495 below.

Finally, Teacher Yan Yan's trading strategy: Lightly short near the current price of 4530, add to the short position on rebounds to 4540-4550, target 4520→4510, and watch for a break below 4495; if it surges to 4585-4590, consider a second short, target 4560. If it stabilizes above 4550, immediately stop loss and exit, with position control within 10%. #黄金 #黄金