6.11 Gold Morning Review: Bears Accelerate Breakthrough, Weakness Continues Without Rebound



Market Review: Gold prices continue to decline, accelerating downward after breaking the 4100 level last night, with a low of 4050.82 this morning. Currently trading around 4051, the intraday decline has expanded to 0.47%, with a clear dominance of the bearish trend.

Trend Analysis: From a technical perspective, the 1-hour and 5-minute moving averages are all aligned downward, with prices being continuously suppressed by short-term averages. The 5-minute KDJ indicator J-value is -1.74, and the 1-hour KDJ is also in the low zone, showing no rebound momentum. Resistance levels are at 4072-4090, support levels at 4050 and 4030, indicating a clear bearish pattern.

Operational Suggestions: Maintain a high-short mindset in the early session, short on rebounds at 4065 and 4080 with partial positions, targeting 4050 and 4030; near 4050, consider light short-term long positions for quick entries and exits, be sure to set stop-losses, and strictly control risks. Reduce positions before CPI data releases to avoid volatility risks.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned