6.8 Spot Gold (XAU/USD) Midday Outlook



Gold remains in a clear overall bearish pattern, with oversold oscillations at lower levels. Short-term rebounds are merely technical corrections, and the trend has not reversed. It is recommended to short on rallies and avoid impulsive bottom-fishing.

The moving averages remain in a bearish alignment, continuously exerting pressure, and the Bollinger Bands are opening downward. The gold price is trading near the lower band, with no signs of stopping the decline.

Trading Suggestions
Short on rebounds around 4310-4330, targeting 4270; if it breaks below 4260, follow the trend to watch 4230 and 4200. #黄金
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