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June 15 Evening Market Trend Analysis Strategy:
Intraday gold prices surged higher and maintained a narrow high-range fluctuation, with the bullish trend continuing into the evening. Trading should focus on range-bound oscillation.
Intraday gold prices rose to around 4347 and faced slight resistance, then pulled back slightly, currently consolidating around 4340. The one-hour Bollinger Bands continue to expand upward, with the market steadily above the middle Bollinger line at 4293, indicating a complete short-term bullish structure. The upper Bollinger band at 4380 is a medium-term resistance zone above, while key support is at 4178.
The rebound caused by previous oversold conditions is still ongoing, and market bullish sentiment is heating up.
Suggestions:
Resistance in the 4350-4370 range, with the target at 4320-4300. If broken downward, continue to look lower!
⚠️ For reference only, not constituting any investment advice.
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