June 4 Morning Gold Analysis Ideas



Overnight market tested the bottom and stabilized with a slight rebound, the morning market is moving sideways with consolidation, and the intraday trend is mainly expected to face resistance and fall back.

Overnight market review: Last night, gold prices tested a key support level, stopped falling, and stabilized with a sideways trend. Buying interest at low levels drove a slight increase in gold prices. In the early morning, prices encountered resistance and slightly retreated, with the current price at 4447.85, maintaining a short-term sideways correction. The one-hour moving averages are in a bearish alignment, and the overall long-term bearish trend remains unchanged. The current phase is a short-term technical correction after continuous decline.

Trading strategy:
Short positions around 4450-4493, with targets #黄金行情 at 4430 and 4410 below.
XAU-0.96%
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