6.8 Early Morning Zaoze Market Outlook

On Monday morning, gold opened lower, fell to 4310 then rebounded, fluctuating upward to a high of 4353, with obvious resistance above. There are signs of a rebound, but momentum is insufficient, and it then entered a low-range oscillation correction state, with the price trading above 4335. After last week's sharp decline, although there are signs of a rebound in the market, the overall structure remains weak, and the short-term rebound is a technical correction within the downtrend.

Looking at the 4-hour chart, the downward trend features are very prominent, with rebounds repeatedly pushed back by upper moving averages. Recently, the candlestick bodies are generally larger on the bearish side than on the bullish side, indicating strong selling pressure. Gold prices rely on the 4310 support to slightly recover, but the upper moving averages exert significant resistance, limiting the rebound space. The daily chart shows the price center of gravity continuously moving downward, never breaking through key resistance levels, confirming a solid bearish pattern.

A rebound to the 4360-4375 range can be used to establish short positions, with support levels at 4320 and 4300. #非农数据超预期加息预期升温