6.8 Morning Gold Outlook

June 8th, morning session, spot gold continues its sharp decline, rapidly dropping from the previous high of $4,515 and touching a low of $4,310.18, currently trading around $4,316, down more than 0.25% intraday.

From a news perspective, the core driver of this round of sharp decline is the systemic collapse of the U.S. stock market, with institutions selling gold for cash, causing the safe-haven attribute to weaken; combined with expectations of easing tensions in the Middle East, Trump's peace talks statements, and the cooling inflation expectations brought by OPEC+ production increases, both major support logic for gold are weakening simultaneously.

Speaking of technical analysis; the current situation is a weak oscillation after a sharp drop, with resistance at $4,325-$4,330, and support at $4,310, with no clear sign of a stop to the decline yet.

Yan Yan's trading strategy: Do not blindly buy the dip; prioritize waiting for a rebound to test resistance. If the rebound reaches $4,320-$4,330 and faces resistance, consider a light short position, targeting $4,310-$4,300; if it breaks below $4,310, look towards around $4,280, and be sure to strictly control position size and set stop-losses. #黄金、 #黄金