6.8 Gold Afternoon Review: Support at low levels continues to be pressured, bearish trend persists


Review of the market:
In the morning, gold prices continued to fluctuate weakly at low levels, suppressed by the bearish trend after the non-farm payrolls plunge. Currently, prices are around 4308, with a low of 4300, and the bearish pattern remains unchanged.
Trend analysis:
Technical aspect: 1-hour KDJ (25.75/27.96/21.33) shows weakness at low levels; 30-minute KDJ (25.92/31.45/14.87) shows a slight turn but the moving averages are clearly in a bearish alignment. Short-term resistance is at 4325-4345, support at 4300/4280, overall outlook remains bearish.
Cocoa suggestions:
Preferably go short during the day, short in batches near rebounds at 4325 and 4345, targeting 4300 and 4285; on dips near 4285, consider light short-term long positions to catch rebounds, take profits when pressured, use small positions with stop-loss, strictly avoid blind trading.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.
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