6.10 Morning Gold Outlook

From the news perspective, the market is betting in advance that tonight's US May CPI data will be relatively strong, combined with multiple Federal Reserve officials' hawkish remarks, reinforcing expectations of no rate cuts in June. The US dollar index has strengthened, significantly suppressing the safe-haven attribute of gold, and non-US assets are collectively under pressure.
Technically, the 30-minute and 1-hour moving averages are in a bearish alignment, with prices breaking below all short-term moving averages. The ATR indicator shows increased volatility, with bearish momentum dominating. Key support is at 4236, first resistance at 4280, and second resistance at 4300.

Yan Yan's trading strategy: The main approach today is to go short on rallies, entering light short positions on rebounds to the 4270-4280 range, targeting 4240-4236; if the price effectively breaks below 4236, follow the trend and go short towards 4210. Strictly set stop-losses, control position sizes, and dynamically adjust after the CPI data is released. #黄金、 #黄金：