#外汇黄金 #现货黄金 # 6.12 Gold Afternoon Review: Rushing higher faces resistance and stalls, intra-day prefers a pullback

Fundamentally, the previous geopolitical safe-haven sentiment continues to cool down, market sentiment returns to stability, and safe-haven buying support for gold prices gradually diminishes. Meanwhile, the Federal Reserve's high-interest rate expectations persist, exerting medium- to long-term pressure on gold prices to rise. Currently, the market lacks substantial bullish positive news, making it difficult for the trend to sustain a one-sided upward movement.

On the four-hour technical chart, gold prices have rebounded with consecutive gains from lows, indicating a slight bullish recovery in the short term, but indicators have entered overbought territory, and upward momentum is clearly insufficient, with prominent characteristics of stagnation at high levels. The key resistance is at 4245-4250, and the critical support is at 4190-4200.

Based on the overall fundamentals and technical patterns, the main intra-day trading approach is to focus on a pullback from high levels. Operate by shorting within the resistance zone of 4240-4250, with a short-term target of 4200 support; if broken effectively, further look at the 4170 low-range area.

Currently, the market is in a oscillating correction phase, so trading should be done with light positions and strict stop-losses. If the price volume breaks through 4250 and stabilizes above it, the short-term pattern will change, and it will be necessary to abandon the short position idea and adjust the strategy accordingly. #外汇黄金 #现货黄金