6.3 Gold Morning Review: Short-term Slight Rebound, Bearish Major Trend Remains Unchanged


Market Review: Last night, it surged to 4541 and faced resistance, then pulled back; after overnight bottoming out, it slightly rebounded to around 4491 in the early session. This rebound is just a short-term correction after the decline, and the bulls are unable to reverse the trend.

Trend Analysis: The US dollar remains pressured at high levels; short-term resistance is at 4500-4515, strong resistance at 4535, support at 4476 and 4460. The 30-minute KDJ is slightly rebounding from low levels, the hourly KDJ is operating at low levels, and the moving averages are in a bearish alignment, making it difficult for the short-term rebound to change the downward pattern.

Cocoa Suggestion: Focus on selling at high levels, shorting on rebounds to 4500-4525, with targets at 4470 and 4460; if broken, watch for 4445. For short-term trades, buy on dips near 4476/4460, quick in and out, avoid chasing longs, and use light positions with stop-loss.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.
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