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6.12 Gold Afternoon Outlook
Gold prices dip to support at 4100 then rebound and recover, with the daily chart maintaining a overall bearish pattern.
Four-hour weak consolidation continues, with highs gradually declining, and in the short term, it remains within a range.
Resistance levels are seen at 4220 and 4250, with support focusing on 4140-4150.
Operate by shorting on rallies and buying on dips.
• Short at 4205-4215, target 4160-4150, stop loss 10 points
• Long at 4140-4150, target 4200-4220, stop loss 10 points
Tip: Strictly control stop losses and position sizes.
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