June 9th XAU Jingyi Thinking

The Middle East situation has cooled down, but risk aversion sentiment remains subdued, and the market lacks directional momentum. The US dollar fluctuates within a narrow range, with limited impact on gold prices. Overall, we are in a news "drought" period, and the market is generally cautious, awaiting further data guidance.

From a technical perspective, the 1-hour Bollinger Bands are clearly narrowing, with prices repeatedly tugging near the middle band, and the space between the upper and lower bands is compressed, making the short-term oscillation pattern obvious. The KDJ indicator is slightly upward in the middle zone, indicating some recovery in the bullish momentum, but a strong golden cross has not yet formed, and its sustainability remains to be seen. Overall, the market is still in a corrective phase after a decline, with bulls and bears temporarily stalemated.

Trading Strategy
Rebound resistance at 4340-4360 → Light short positions, look for 4320-4300
Pullback to 4300-4320 for stabilization → Light long positions, look for 4340-4360

Until the range is broken, short-term buy low and sell high, just maintain good defense. #美股AI概念股普涨