## 6.2 Gold Evening Review: Rallies Hit Resistance, Bearish Trend Unchanged

**Market Review:** In the afternoon, gold prices dipped to test the bottom and then rebounded. From the low near 4447, they continued to rebound, and in the evening they pushed up to the high of 4541. The current price is around 4529. The deep rebound and recovery were completed within the day. After the rally, upside momentum proved weak; the gain narrowed. This still falls under a technical rebound after a major drop, and it’s difficult for the bulls to achieve a trend reversal.

### **Trend Analysis:**
On the news front, the U.S. dollar has slightly stopped falling and stabilized, limiting gold’s upside room. Technically, on the hourly chart, short-term pressure lies at 4535–4542, with strong resistance at 4560. Short-term support is at 4510, and key low support is at 4476. The 30-minute KDJ has turned and moved downward into a pullback phase. Meanwhile, the hourly KDJ is entering an overbought and weakening state. The bearish arrangement of moving averages across both higher and lower time frames remains unchanged.

### **Koko’s Suggestions:**
**Prefer going short:** When the rebound reaches around 4530–4550, look to sell short under resistance, with targets at 4510 and 4476. If the level breaks, look toward 4460. For short-term pullbacks to around 4510 and 4476, consider small long positions—quick in, quick out. **Do not chase longs.** Place strict stop-loss orders and trade with light positioning.

**Disclaimer:** The analysis above is for reference only and does not constitute investment advice. The market is risky—proceed with caution when entering.