June 9 Midnight Gold Market Review

From the news perspective, Federal Reserve new board member Waller's "debut" sent an unexpectedly hawkish signal, with the market closely watching three major rate hike signals, significantly cooling expectations for rate cuts; combined with a strengthening US dollar index and a pause in the sell-off of US tech stocks, safe-haven gold buying waned, and profit-taking concentrated on selling off positions.
Looking at the technical side, the 30-minute moving average lines are in a bearish alignment, with prices breaking below all short-term support levels; the 1-hour chart broke through the key neckline at 4321, ATR volatility surged, bearish momentum was fully released, and the previous oscillation platform was completely broken.

Trading strategy: Short-term firmly follow the trend for high short positions, gradually short on rebounds in the 4300-4310 range, with a stop loss above 4330, targeting 4260, and if broken, look at 4240; do not participate in long positions for now, wait for stabilization signals before lightly trying long positions, strictly control position size and set stop losses.
⚠️Risk warning: This is only an objective market analysis and does not constitute practical advice for going long or short.#黄金、 #黄金、