June 4th Gold Morning Analysis



Gold prices opened slightly weak, mainly facing short-term upside resistance!

Yesterday's market surged higher then pulled back to close with a bearish candle, with the short-term rebound momentum temporarily paused. The rise in U.S. Treasury yields combined with cooling expectations of rate cuts continues to pressure gold prices. Currently, bullish momentum is weakening, and bears hold some advantage, but key support levels below remain effective, with limited risk of a sharp plunge. Today, the market is more inclined toward a weak consolidation!

In terms of operations, wait for a rebound to encounter resistance before setting up orders. It is recommended to enter in batches within the 4465-4480 range, with a stop-loss above 4490. The first support levels are at 4440 and 4420. If the price breaks below these levels smoothly, it can continue to target the 4400 round number! #黄金 $XAUT
XAUT0.3%
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