6.9 Midday Gold Trading Ideas

From the news perspective, investment bank Goldman Sachs has completely abandoned the expectation of Federal Reserve rate cuts in 2026, with hawkish expectations rising to support the US dollar remaining strong, which in the medium to long term suppresses the rebound of gold prices; at the same time, market bearish funds betting against gold and crude oil have experienced historic weekly outflows, significantly weakening the short-selling momentum, avoiding further deep declines in gold prices, with a focus on short-term consolidation and bottoming.

From a technical analysis perspective, the 30-minute and 1-hour short-term moving averages are intertwined and flat, with gold prices staying above the short-term moving averages; the ATR indicator continues to decline, indicating reduced market volatility, with short-term resistance at 4342-4353 and key support at 4313-4300. Overall, the market is in a weak consolidation range after a sharp decline, with no signs of a breakout in either direction.

Finally, Yanyan's trading strategy: in the short term, stick to the range-bound approach, avoiding chasing rallies or panicking at dips. When the rebound reaches the resistance zone of 4340-4350, consider light short positions, and look for opportunities to go long at the support zone of 4313-4300. Maintain a light position, and switch to a trend-following approach after a confirmed breakout of the upper or lower boundary of the range. #黄金 #黄金、