6.8 Gold Intraday Analysis

Gold previously reached a high of 4594 and then declined unilaterally, with the lowest touching 4303. Currently, it is in a weak correction after the decline, with no clear reversal signal. The decline volume increased, and the rebound volume decreased, indicating that the bearish dominance pattern remains unchanged.

From a macro perspective, US data exceeded expectations, the market's rate cut expectations have diminished, and the Fed's hawkish outlook has intensified. The US dollar and US Treasury yields remain high, suppressing gold prices. Geopolitical safe-haven sentiment has temporarily weakened, with no strong driving force.

Intraday strategy: The 4-hour bearish trend is clear, mainly shorting on rebounds within the day. If it rebounds to 4365, target below 4300.
If it breaks below 4300, consider light short positions; if clear reversal signals appear around 4300, try short-term long positions with quick entries and exits. #比特币回升5% $BTC $XAUT