6.15 Mu Yun Noon Gold Analysis

During Asian trading hours, driven by news, gold prices surged significantly, breaking through multiple resistance levels in succession, reaching 4335 before entering a high-level sideways consolidation phase. Currently, the bullish momentum is sufficient, and the market trend has already reversed, with an overall strong pattern clearly established.
From a technical perspective, the short-term moving averages have formed a golden cross and are moving upward, the Bollinger Bands are expanding, and the gold price is steadily trading above the moving averages across different timeframes, maintaining a healthy bullish pattern. The hourly chart has broken out of the previous weak zone, and the original key resistance level has completed a top-bottom reversal. The current high-level consolidation is just a preparatory adjustment during the upward process, not a sign of a top, so the trading strategy should mainly follow the trend and look for long opportunities.
Operation reference: go long in the 4310-4320 range, with targets at 4350-4360#黄金