6.15 Gold Evening Market Analysis

Gold prices rebounded after bottoming out near 4024, currently holding above the 5-period moving average at 4303 points, with short-term upward momentum remaining intact.

Previously, the market continuously declined from the high of 4515 to the low of 4024, with the entire trend suppressed by moving averages, and gold prices long-term moving below the moving averages with a slow downward trend; at this stage, the bottom consolidation is complete, and the moving averages have formed a golden cross pattern, which is a clear signal of a phase reversal after a major decline.

This round of decline cycle has come to an end, and gold prices have entered a rebound and correction phase, with the long-term downward rhythm temporarily halted, and the short-term market dominance shifting to the bulls.

Operation reference:
Pull back to the 4300-4315 range to establish long positions, with the upward target looking at the 4350-4375 range #外汇黄金 #现货黄金 #黄金：