June 12 XAU Strategy



Yesterday, market sentiment fluctuated back and forth, the US dollar and US Treasury yields rose, putting pressure on gold prices. By the end of the session, negative news was exhausted, safe-haven sentiment increased, and combined with bottom-fishing funds entering the market, gold prices bottomed out and rebounded. Currently, the bulls and bears are approaching a balance.

The overall daily chart remains a bearish pattern; this rebound is only a technical correction, and the trend has not reversed. The hourly chart's bearish momentum has weakened, and the price is supported by the lower band, entering a range-bound oscillation. Focus on the resistance levels above today; under pressure, expect a pullback, and avoid blindly chasing long positions.

Trading Suggestions
When rebounding to 4210-4245, consider shorting in batches, with initial targets at 4175-4150; if the support is broken effectively, further downside targets are 4100#我的Gate交易时刻
XAU1.93%
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Poetry,Wine,AndCountryside
· 1h ago
Teacher, is there still a bull market in gold? Which month is it expected to occur? Thank you, teacher.
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