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6.11 Gold Evening Review: Rebound momentum weakens, high-level resistance continues to favor bears
Review of the market: Gold prices rebounded from a low of 4024, reaching a high of 4118 before facing resistance and falling back. Currently trading around 4080, with intraday rally and retreat, still in a weak correction phase after a sharp decline, with the bearish dominance unchanged.
Trend analysis: 1-hour and 30-minute moving averages are in a bearish alignment, with prices pressured above at resistance levels 4095-4105, and support levels at 4070 and 4050 below.
Operational suggestions: Maintain a high short-term outlook tonight, short in stages on rebounds at 4095 and 4105, targeting 4070 and 4050; near 4050, consider light short-term long positions for quick in and out, be sure to set stop-loss and strictly control risk.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.