6.9 Morning Market Analysis

From the news perspective, today’s core focus is the “debut” of Fed Chair Wuash, with the market closely watching three key signals from him regarding inflation, employment, and the path of interest-rate hikes. At the same time, Dalio warned that the US stock market is showing a “classic bubble.” Risk-aversion sentiment provides a slight boost to gold prices, but the US Dollar Index’s resilience still weighs on gold, and there remains disagreement over expectations for a rate cut in September.

On the technical side, on the 30-minute chart, the MA5 has turned down, with short-term pressure below the 10-day moving average at $4,331. On the 1-hour chart, after the MA5 and MA10 golden cross, they have leveled off, indicating that the bull and bear forces are temporarily balanced. Strong resistance lies at $4,335–$4,340, while support is at $4,310 and $4,268. The ATR indicator has fallen, and intraday volatility is expected to narrow.

Teacher Yan Yan’s trading strategy: Today mainly focus on range-bound trading. Place a light short position at $4,330–$4,340 above, targeting $4,310. If price pulls back to $4,305–$4,310 below, place a light long position, targeting $4,330. If a breakout occurs, follow through with the trend, strictly control position size, and take precautions for risk management. #黄金早盘跳水# #黄金早盘行情# #Gold Market Analysis#非农数据超预期加息预期升温 #黄金：