Tuesday, June 9 Morning Gold Outlook


June 9 Gold Market Analysis: Gold prices bottomed out and rebounded, currently at $4,337 per ounce, with the lowest intraday touch at $4,268. Influenced by non-farm payroll data, the medium-term trend is generally bearish, but ongoing central bank gold purchases are solidifying the bottom, entering a short-term consolidation phase. Watch resistance levels at $4,360-$4,380 and $4,450, with support closely at $4,300. Future focus should be on Wednesday's CPI and next week's Federal Reserve interest rate decision, as the market direction will become clearer from these. Avoid chasing gains or panic selling during operations.
Trading suggestion: rebound to 4,370-4,400 to look for short positions, target at 4,330, and if broken, $BTC see 4,280.
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