6.3 Gold Afternoon Review: Rebound Faces Resistance and Pulls Back, Bearish Downtrend Continues Unchanged

Market Recap: In the early session, gold prices surged to 4496 but faced resistance, failing to break through the pressure zone predicted in the morning forecast. In the afternoon, prices retreated to around 4473. The brief rebound in the morning was completely reversed, and the bullish rebound weakened. The overall market remains weak, and the major downward trend has not changed.

Trend Analysis: The US dollar remains strong at high levels, continuously suppressing gold prices. Short-term resistance is at 4490-4496, with a key strong resistance at 4535. Short-term support is at 4462, with core support at 4445. The hourly KDJ indicator is trending downward, all moving averages are turning downward, and the technical outlook is generally bearish. The slight rebound is just a pause during the decline.

Cocoa Suggestions: Focus on shorting on high positions, with a phased short at 4485-4505 during rebounds, targeting 4470 and 4460, and a break below to 4445. If it falls back to 4460, consider small long positions for short-term profit, then exit. Never chase the rally; keep stop-loss orders tight on all trades.

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