6.3 Gold Morning Analysis



The gold market opened with a rapid decline, with prices continuously breaking below the high of 4490.25, dropping to 4462.34 before stabilizing and slightly rebounding. Currently, prices are fluctuating narrowly around 4480!

On the news front, the U.S. has increased sanctions on digital platforms related to Iran, reigniting Middle Eastern geopolitical risks. Coupled with a short-term technical lift in the dollar, the lack of key data guidance today has led the bulls to mainly cut losses and flee, causing gold prices to weaken!

From a technical perspective, gold has broken below the previous consolidation platform, with short-term moving averages in a bearish alignment. The rebound strength at lower levels is limited, and the weak trend remains unchanged!

In the short term, the strategy favors a primarily bullish approach. Resistance at 4490~4500 during rebounds can be shorted, with targets back at 4462, and below 4450!#黄金 $XAUT
XAUT0.95%
XAU1.04%
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