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June 5th Gold Morning Outlook
Last night, gold prices faced resistance after rallying and then shifted into a correction phase, opening weaker this morning with continued sideways consolidation. Current operations should focus on range trading.
Market Review: Overnight, gold rebounded from support at low levels but failed to test the 4481 level, then faced selling pressure and declined. This morning, it opened around 4474 and continued downward, currently trading near 4465, maintaining a weak oscillation. The 4-hour Bollinger middle band has turned downward, suppressing prices. Before the non-farm payroll data, the market is in a consolidation phase, mainly fluctuating within a range.
Trading Plan:
You can set orders within the 4485-4470 range, targeting lower levels at 4450 and 4430! #黄金 $XAUT