6.9 Gold Morning Review | Primarily Bullish, Turning Point Has Appeared



Yesterday, gold dipped to 4268 and quickly rebounded, forming a deep V-shape, unable to fall further, with a clear stabilization signal.

• The central bank continues to buy gold heavily, with 4260-4280 as the strong bottom, locking in the large decline space;

• Short-term selling pressure has been released, buying interest is strengthening, and a rebound window has opened;

• Technical analysis shows a bottoming pattern at low levels, with the lows moving higher and momentum shifting.

Trading Strategy

Buy on dips during pullbacks, confidently buy low, do not chase highs

• Go long directly at 4300-4310, with a stop loss below 4295

• First target at 4350, breakouts look toward 4380-4400

⚠ Market fluctuations may occur, set stop losses accordingly, for reference only, not investment advice. #黄金
GLDX0.33%
PAXG0.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned