6.12 Gold Afternoon Market Analysis and Reference Ideas

From the market trend, on the daily chart, gold prices have been continuously falling in the previous period, finding effective support around 4100, and are now entering a low-level correction phase. Currently, the price remains below all moving averages, with a bearish moving average structure that has not shown significant change, indicating a continued medium-term weak pattern.

Although the four-hour chart has temporarily halted the decline, the overall highs are gradually decreasing, and a weak oscillating pattern still exists. In the short term, the market is likely to continue fluctuating within a range, and a trend reversal still requires further signal confirmation.

Today, focus on the resistance zones at 4220 and 4250. In terms of operations, it is recommended to adopt a range-bound trading approach, primarily placing short positions at resistance levels, and looking for opportunities to go long at support areas after a pullback.

Trading Reference

1. If the price rebounds to the 4205-4215 range, consider a small position for shorting, targeting 4160-4150, with a stop loss set at 10 points.
2. If the market pulls back to the 4140-4150 range, consider a long position, targeting 4200-4220, with a #我的Gate交易时刻 stop loss set at 10 points.