6.15 Qingfeng Morning Gold Analysis

On the 4-hour cycle, after the price stabilizes and rebounds, it holds above the Bollinger Bands’ middle band, then breaks through the upper band—breaking the previous range-bound structure, and the market has officially entered a strong bullish mode.

The current Bollinger Bands overall show a clearly bullish setup: the lower band flattens and turns upward, the middle band rises steadily, bearish pressure has largely faded, the channel opening continues to widen, and upward momentum is strong. The intraday close formed a large bullish candle; the price is held above the upper band, confirming the breakout. The prior sideways movement was a buildup and shakeout within the trend, not a sign of stalled gains.

Price has already broken through the key resistance level at 4280, confirming the bullish trend. The probability of a deep drop in the short term is low, and there is limited room for a pullback. In terms of execution, go along with the trend and place orders based on support levels—then just focus on capturing the trend move.

Trading reference: Buy the dip at 4280-4290, guard against a move below 4250, target 4330-4350.