6.15 Qingfeng Midday Gold Analysis



During the Asian session, gold surged sharply on news-driven momentum, repeatedly breaking through multiple resistance levels, and after reaching 4335, it began consolidating at high levels. At present, bullish momentum is strong; the trend has completely reversed, and the overall market bias remains bullish.

From a technical pattern perspective, short-term moving averages are forming a golden cross and trending upward. The Bollinger Bands continue to widen, and the gold price has held above all moving averages, indicating a complete bullish structure. The hourly chart has moved out of the prior weak range, and the key resistance area has completed a top-to-bottom reversal. The current high-level consolidation is a buildup during an uptrend, not a signal that the top has formed. In terms of execution, continue to trade with the trend and stay bullish.

Trading reference: 4310-4320 to do “哆” (buy in line with the trend), target 4350-4360.
GLDX-0.89%
PAXG-1.92%
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