6.3 Midday Gold Trading Ideas



The three major U.S. stock indices are slightly rebounding, with a short-term plunge, currently falling

From a news perspective, the market is focusing on tonight's U.S. May ADP employment data (expected 117k), the Federal Reserve's rate cut expectations are cooling down, the dollar and U.S. Treasury yields are strengthening; at the same time, Trump has stated support for U.S.-Iran talks, significantly reducing geopolitical risk sentiment, with bullish funds quickly exiting.

Speaking of technical analysis, the 1-hour chart's MA20 forms strong resistance around 4496, with support at the intraday low of 4462, ATR indicates short-term volatility is narrowing but bearish momentum remains.

Finally, Teacher Yan Yan's trading strategy: enter short positions on rebounds in the 4485-4490 range, targeting 4465-4460; if it breaks below 4460, follow the trend to 4450, if not broken, consider light long positions with strict stop-loss. #黄金: #黄金
XAU1.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned