6.12 A Million Dollar Morning Gold Market Analysis



Yesterday, gold slightly rebounded due to market news, and after reaching the 4220 level, it faced resistance and pulled back, maintaining a weak oscillation pattern overall, with insufficient rebound momentum, making it difficult for the market to continue rising. Today, the Asian session is trading sideways, with bulls and bears in relatively balanced contention.

The daily chart's overall trend leans toward a bearish outlook, and this rebound is only seen as a technical correction within a downtrend. The core resistance zone is between 4260-4280; until this level is effectively broken, a bullish reversal is not considered.

Trading reference:
If the price rebounds to the 4230-4240 range, consider gradually opening short positions, with phased targets #我的Gate交易时刻 at 4200, 4180, and 4150.
GLDX2.59%
PAXG2.88%
XAU3.02%
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