6.12 Afternoon Thoughts


Gold reached 4023 yesterday and then experienced a deep V-shaped rebound, with a nearly $190 increase in a single day, ending the session above 4210, breaking the short-term bearish pattern.

Today, the Asian session surged to 4246 but faced resistance and pulled back, with the current price fluctuating between 4180-4190. After the rebound, it entered a correction phase, with insufficient upward momentum. The daily chart shows a large bullish candle forming a bottom, with bearish pressure easing, but this rally is only a technical correction and not a trend reversal. The overall market remains range-bound towards the end of the week.

Trading Suggestions
Shorts at 4210-4220, stop loss at 4246, target 4180-4170, break below to watch 4140
Stabilize at 4160-4170 to go long, stop loss at 4120, target 4200-4210#黄金
GLDX2.59%
PAXG3.53%
XAU3.61%
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