June 16 Morning Market Outlook

The 4-hour moving averages are in a bullish alignment, Bollinger Bands are opening and continuing to rise, confirming a medium- to long-term upward trend; the 1-hour short-term indicators are in overbought territory, the MACD red histogram is shrinking, and there is a short-term correction and repair demand, but the major upward structure has not been broken, and there are no signs of a reversal to a bearish trend!

Key support levels for the day are 4300 and 4280, with resistance levels at 4350 and 4380. The overall bullish tone remains unchanged; if the price stabilizes above 4280, it can be maintained for a trend-following long position; if this support is effectively broken, the market will shift into a weak consolidation!

Trading strategy: Buy the dip around 4315-4300, look for a breakout above 4350 and 4380 in stages! #黄金 $XAUT