6.12 Clear Wind Morning Gold Analysis



Gold is slightly higher on news support, rising to 4220 before coming under pressure and pulling back. The market remains weak and range-bound, and the longs lack the momentum to launch a strong counterattack. On the daily chart, the *Hang* top pattern is clearly established. This rebound is only a technical correction during an ongoing decline.

Technical analysis: The resistance in the 4260-4280 range is strong. As the price has not been able to effectively break above and hold, the *Hang* outlook remains unchanged.

Trade reference: Go short at 4230-4250, target 4150-4130.
XAUUSD-1.81%
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