6.10 Midnight Gold Analysis

Gold drops $142 in a single day! The year's gains are completely wiped out, a crushing collapse driven by bullish panic

From the news perspective, on June 10th, the US May core CPI year-on-year rose 3.2%, significantly exceeding expectations, completely erasing the Fed's September rate cut expectations, and the market is even pricing in possible rate hikes within the year. The US dollar index surged past 107, the 10-year US Treasury yield soared by 16 basis points, the non-yielding nature of gold took a fatal hit, and institutional holdings of hundreds of tons collectively incurred unrealized losses, triggering a wave of redemptions. Forced liquidation of long positions further intensified the collapse.

From a technical perspective, spot gold plummeted 3.34% today, reaching a low of $4,106.83 per ounce. The 30-minute and 1-hour moving averages are in an extremely bearish alignment, all support levels have been broken, the ATR indicator continues to rise, indicating increased volatility, and the daily chart closed with a large bearish candle, with bearish momentum fully dominating.

Teacher Yan Yan's trading strategy: In the short term, firmly avoid bottom fishing. During rebounds to the 4150-4160 range, gradually short sell, targeting 4080-4060. If it quickly breaks below 4060, consider light short positions with tight stops, to avoid extreme volatility risks. #黄金：