June 8 Midnight Gold Market Review

From the news perspective, Goldman Sachs has completely abandoned expectations of interest rate cuts in 2026, and the Federal Reserve's hawkish outlook continues to intensify, with the dollar and U.S. stocks strengthening simultaneously, putting pressure on gold prices; however, the People's Bank of China has increased its gold holdings for the 19th consecutive month, providing a support level for gold prices, and the bulls and bears are entering a heated battle.

Speaking of technical analysis, the short-term moving averages on the 30-minute and 1-hour charts are turning upward, with the 4268 level forming a clear short-term support; above, 4350 is a strong resistance level for the intraday high, with the proportion of bullish and bearish funds being balanced, volatility has decreased, and the short-term market has entered a range-bound consolidation pattern.

Finally, Teacher Yan Yan's trading strategy: mainly trade within the range by buying low and selling high. Light long positions on dips to 4300-4310, targeting 4340-4350; if the rebound reaches near 4350 without breaking, then reverse to a light short position, targeting 4320. Strictly set stop-loss orders to #黄金、 control risk.