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June 12 Evening Gold Market Strategy
Gold prices bottomed at 4024 and then rebounded, currently fluctuating at high levels, with a long-term bias towards weakness, operating within a range tonight.
Resistance at 4245-4250, support at 4170-4180, the rebound is only a correction, the trend has not reversed. The situation and rate hike expectations suppress the rebound space of gold prices.
Trading Suggestions
Short at 4230-4260, target 4200-4180, break below to see 4150.
Stabilize and go long at 4170-4190, target 4220-4240, break above to see above 4250.
Note: The above ideas are for reference only and do not constitute any investment advice. #黄金