June 4 Gold Morning Review

Yesterday, 4490 became a resistance level, and the current price rebounded but faced resistance at 4465-4470, with 4450 close to being lost, indicating a bearish market. The range shows concentrated institutional short positions, with selling pressure during rebounds; tight stop-losses at 4450 and 4420, with downward momentum to test lows.

Strong US data and hawkish Federal Reserve comments lifted the dollar, pressuring gold prices; central banks' gold purchases provided support, making the market weak and difficult to sustain a large unilateral decline.

Short-term rebounds to 4465-4470 are likely to fall back, first watch 4450, with a break below targeting 4420; only a break above 4490 would end the bearish trend.

Trading

1. Main high short: Short at 4470-4485, stop-loss at 4494, initial target 4440, break below to 4420

2. Short-term small long: Stabilize at 4415-4420 and attempt to go long, stop-loss at 4409, take profit at 4455
Support break turns into resistance; prioritize short positions with the trend, strictly adhere to stop-loss. #黄金