$XAUUSD 【6.3 Gold Morning Report】4460 level temporarily halted the decline, but don't rush to buy.



Yesterday's close was 4484, down $55 (-1.21%), today the Asian session hovers between 4460-4490.

Three thorns are stabbing into the bulls' back:
① US-Iran "Rashomon" — Iran says it has suspended talks over the Strait, Trump says an agreement will be signed within a week, the market cannot provide a definite premium
② ISM Manufacturing PMI 54.0, a four-year high → "Higher and longer" bets increased, SPDR has been reducing for three consecutive days
③ WTI surged 5.5% to break 92, oil prices → inflation → tightening → gold is indirectly squeezed out

Only two supports: central bank gold purchases long-term (Goldman Sachs still sees 5400) + the technical buffer of the 4460 level itself (no panic selling).

The real turning point this week: Friday's non-farm payrolls.
In terms of operation — if 4450 breaks, look at 4420; only a recovery above 4500 counts as catching a breath. In this middle section, watch more, act less.
XAUUSD-0.41%
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