June 10th midday gold outlook

From the news perspective, the market is betting in advance that tonight's US May CPI data will exceed expectations, with concerns about sticky core inflation intensifying, the probability of the Federal Reserve cutting interest rates in September significantly decreasing, the US dollar index and US Treasury yields strengthening in tandem, coupled with previous long profit-taking leading to a rush of selling, triggering a stampede-like sell-off in gold.
#Gold
Speaking from a technical perspective, the 30-minute and 1-hour moving averages are both in a bearish alignment, with prices breaking below all short-term moving average supports, the MACD green bars continuing to expand, the KDJ entering oversold territory but without a reversal signal, indicating that short-term downward momentum has not yet been fully released.

Yan Yan’s trading strategy: In the short term, focus on shorting rebounds, gradually short in the 4180-4210 range, with targets at 4160-4140; if the CPI release is below expectations, immediately reverse to a light long position, targeting the 4200 level, with strict stop-loss controls to manage risk. @