June 11 Morning Market Analysis and Strategy:



Overnight gold prices continued to weaken, hitting new lows, and in the morning session, they remained extremely weak, mainly following the trend to short sell.

Gold prices continued their unilateral downward trend, with the overnight low reaching around 4024, and the current price hovering near 4060 at a low level. On the 1-hour chart, the Bollinger Bands are widening sharply downward, with prices consistently under pressure below the middle band at 4145. The moving averages are in a bearish alignment, with downward momentum fully released, and there is almost no significant rebound in the short term.

Recommendation: Short at 4120-4145, first target at 4030, and if broken, watch #黄金 the 4000 level.
PAXG-2.65%
XAU-2.73%
View Original
post-image
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