June 10 Evening Gold Outlook

Spot gold plummeted over $90, dropping more than 2% intraday, the largest single-day decline recently

From a news perspective, the market preemptively bet that tonight's U.S. May CPI year-over-year rate would be below 4.2%, but the Fed's rate cut in June was completely dashed, and the probability of a rate cut in July also fell sharply below 50%. The dollar index and U.S. Treasury yields surged together, combined with profit-taking at high levels earlier, triggering panic selling.

On the technical side, the 30-minute and 1-hour moving averages are in a perfect bearish alignment, with MA5/10/20 all pressing downward, and prices broke below all short-term supports, with a low of $4,155.54. The ATR indicator shows volatility sharply increasing, with bearish momentum fully released, and no effective support below.

Finally, Teacher Yan Yan's trading strategy: before the CPI release tonight, mainly go long with high positions, and lightly short on rebounds to the 4185-4195 range, targeting lower at 4150-4130; if the CPI data is negative, and it breaks below 4150, add to short positions accordingly. Strictly avoid any contrarian bottom-fishing, strictly control position sizes, and set stop-loss orders. #黄金 #黄金、