6.10 Spot Gold (XAU/USD) Morning Outlook



Currently, gold is weakening across multiple timeframes, with bears holding an absolute advantage. The rebound during the session is only a short-term correction in weakness. The overall trading strategy remains to sell on rallies and avoid blindly catching the bottom to go long.

In the 4-hour chart, the gold price continues to stay below the MA5, MA10, and MA20 moving averages, which are arranged in a typical bearish alignment and extending downward, indicating a solid downtrend pattern.

Trading reference
Entry zone: 4235-4245, establish short positions
First target: 4200
Second target: 4170 #黄金
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