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6.10 Gold Evening Analysis
Gold saw intraday consolidation before slipping lower, and the downward trend remains unchanged. 4300 is strong resistance, while 4100 is key support.
Tonight, focus on CPI data; if the data is bearish, it will further weigh on gold prices.
For the short term, you can look to short around 4170-4180, targeting 4150 and 4120, with a stop-loss above 4190. If geopolitical tensions suddenly ease, be alert for a potential reversal; conservative traders should prioritize standing by and waiting to see. #Gold