June 2 Evening Gold Trading Ideas

Upward momentum wanes, short-term correction and pullback are imminent, evening trading favors a high-altitude layout.

Fundamental Perspective
The market has largely priced in the Federal Reserve's 25 basis point rate cut in June, and tonight's lack of heavyweight data provides little support for gold prices. U.S. Treasury yields and the dollar have stabilized and rebounded from lows, the Middle East geopolitical situation shows no further escalation, and safe-haven funds continue to flow out. The factors that previously boosted gold prices are gradually fading.

Technical Analysis
On the hourly chart, short-term moving averages show signs of turning, with the price deviating significantly from the averages, indicating a need for correction back toward the moving averages. Short-term resistance is at around 4540, with a key resistance at 4595; support levels are first at 4510, followed by 4495.

Trading Recommendations
Currently, a light position around 4530 can be tested with a short position. If the price rebounds to the 4540-4555 range, consider adding to the short position. Initial take-profit targets are around 4515 and 4505; a decisive break below could further target 4495. #分享美股交易赢英伟达股票