June 10th Gold Morning Thinking and Strategy:

Yesterday, gold prices surged to meet resistance and then started to decline, continuing a weak oscillation at low levels in the morning. Overall, the bearish trend is dominant, and trading should follow the trend with mainly short positions from high to low.

Market Review:
Yesterday, gold prices tested the 4363 level and faced heavy selling, then plunged significantly, with a low near 4236 and a slight stabilization. Currently, prices are around 4234 with weak consolidation. From the 1-hour perspective, the Bollinger Bands are opening downward, prices remain under the middle band, and the moving averages are arranged in a bearish pattern. Short-term rebound momentum is insufficient, and the downward trend continues.

News:
U.S. employment data performed better than expected, and market expectations for the Federal Reserve to cut interest rates have been delayed. The dollar index and U.S. Treasury yields remain strong, exerting clear pressure on gold prices, with bulls lacking upward momentum.

Trading Strategy:
Short at 4305-4325 area, targeting 4230, and if broken, look for a further decline to around 4210.

Note: The above ideas are for reference only and do not constitute any investment advice. The market carries risks; #黄金 trade cautiously.