6.8 Morning Gold Trading Ideas



Last week’s non-farm payroll data was positive, causing a sharp short-term drop in gold prices. This round of pullback is defined as a technical shakeout, and the medium- to long-term bullish structure remains intact.

The US dollar index has a pulse-like rebound, lacking sustained upward momentum; central bank gold purchases and geopolitical risks continue to support gold prices.

After consecutive declines on the technical front, the daily chart enters oversold territory, and a correction rally is about to begin.
Trading plan: Buy on dips around 4300-4325 in batches, with take profits at 4350, 4375, and 4400. #黄金
GLDX-3.42%
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