6.17 Gold Morning Analysis

Yesterday, during the U.S. trading session, gold fluctuated upward, with prices continuously rising, and the daily chart finally closed at a high level. This morning's opening continued the overnight bullish trend, with prices moving slightly stronger.

On the technical side, the daily Bollinger Bands are tightening, and the market's fluctuation range is narrowing continuously. Currently, gold prices are repeatedly oscillating around the middle Bollinger Band at 4335, with short-term bullish and bearish forces balanced, and no breakout trend has emerged yet.

During the Asian session, no key economic data was released, and overall market trading remained cautious, with most funds choosing to wait and see. The intra-day trend mainly depends on the U.S. evening data to break the current pattern, with the overall movement being a narrow range consolidation. The upper Bollinger Band is clearly acting as resistance, while the support below is solid, leaving limited room for short-term trading.

Trading suggestion: When the price retraces to the support zone of 4300-4325, gradually open long positions, with targets at 4350 and 4380. In a volatile market, trade with light positions and set stop-losses accordingly. #黄金