June 14 Gold Review


Core points:
This week, due to news factors, it broke below the key support of 4250, dropping to a low of 4022. Then it rebounded sharply, waiting for weekend negotiations to be finalized. Next week, the closing price must not fall below 4150.
Monthly line: key level 4140 (14-period moving average)
Weekly line: rebounded around 4000, closing with a lower shadow and a bearish candle. The 60-week moving average is at 4161. This week, it continuously broke below 4400 and two key supports at 4250.
Daily line: on Thursday, closed with a large bullish candle; on Friday, sideways. Next week, the daily close must not fall below 4150.
Four-hour: rebounded 200 points from the lowest point of 4022, focus on the midline of the rebound wave around 4133.
GLDX-2.77%
PAXG0.26%
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