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June 5 Afternoon Gold Market Outlook and Analysis
Overnight surge faced resistance and pulled back, with the hourly chart showing overall weak oscillation, relying on a range to buy low and sell high.
Market Review: Early morning surged to 4452 and faced resistance, then pulled back. The previous high of 4481 was blocked, and the price broke below the short-term moving average. The one-hour Bollinger bands are opening downward. Currently around 4442, the market is slightly weak and consolidating before non-farm payrolls.
Operations:
Sell short at 4450-4469, target 4436/4430
Buy long at 4428-4435, target 4446/4449
Note: This strategy is for reference only and does not constitute any investment advice.
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