June 4 Afternoon Market Trend Analysis:

After probing the bottom at 4424 overnight and stabilizing, the hourly moving averages have turned upward and are recovering, indicating a short-term rebound correction cycle at low levels. The intraday trading will mainly involve range-bound oscillations back and forth.

Intraday Market Review:
In the morning, the price steadily rebounded supported by the previous low point at 4424, rising from the lows to challenge the intraday high of 4484. After reaching the high, it faced slight resistance and pulled back, currently hovering around 4472. The 5 and 10-hour moving averages form short-term support, while the Bollinger Bands are gradually opening and turning upward. After a sharp decline, technical correction continues, with short-term bulls slightly favored. Overall, the market maintains a range-bound oscillation.

Trading Strategy:
Short at 4480-4500, target 4460, 4450;

Long at 4448-4458, target 4472, 4485.

Note: This strategy is for reference only and does not constitute any investment advice. #黄金 #黄金行情 #XAU