6.8 Gold Morning Review: Low-Range Consolidation Persists; Bears Continue, Short-Term Pressure Favors Selling



Market Recap

After the non-farm payrolls crash, gold prices continue to trade weakly with low-level, range-bound fluctuations. Yesterday’s low dipped to 4310, and it is currently around 4325; the bearish structure remains unchanged.

Trend Analysis

Technical indicators: 1-hour KDJ (10.87/13.37/5.88) is weak in the low range; 30-minute KDJ (30.16/24.19/42.09) has made a slight turn upward, but the moving averages are clearly arranged in a bearish alignment with obvious suppression. Short-term resistance is at 4345-4360, support is at 4310/4280; overall, follow the trend and look for selling.

Trading Recommendations

For the day, prioritize going short at higher levels. On rebounds around 4340-4360, enter shorts in batches. Targets are 4310 and 4290. If price pulls back to 4290, you may take a light short-term long position to bet on a rebound—take profit when met with resistance. Use light position sizing with a stop loss; strictly avoid blind trading.

Disclaimer

The analysis above is for reference only and does not constitute investment advice. The market is risky—proceed with caution when entering the market.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned