6.11 Morning Gold Market Outlook

Jumping from high levels! Increased volume in bears, 4025 is today's critical support!
Gold yesterday fell sharply from the high of 4366, with a waterfall-like decline under pressure, as bearish momentum was fully released, with the lowest probing near 4025. Overall, the short-term pattern shows a rebound after being oversold with weakness. Focus this morning on the effectiveness of the 4025-4030 support zone. If it stabilizes here, a technical rebound may begin in the short term; if the rebound is weak and breaks below, the downtrend is likely to continue, with the next target at the 4000 integer level. The resistance above is first seen at the 4130-4150 range; only a breakout can open further upside space. Trading should be done with light positions and stop-losses, strictly controlling risk.

The current 4-hour chart shows a series of down candles followed by the first bullish candle. The MACD indicator remains below the zero line. Although bearish volume is waning, there is no complete reversal. The market is still in a weak recovery phase within a downtrend, so do not blindly chase long positions.

Support levels: 4025-4030, 4000 integer level
Resistance levels: 4130-4150, 4200

Trading suggestions:

1. If the rebound faces resistance at 4130-4150, try a small short position, targeting 4050-4030, with a stop-loss above 4170.

2. If the price stabilizes after testing the 4025-4030 zone, consider a small long position for a short-term rebound, targeting 4100-4130, with a stop-loss below 4000. $BTC $ETH $XAU