June 17 Gold Morning Analysis



Last night, the Federal Reserve was hawkish, causing gold prices to plummet sharply.
In the early trading session, there was a slight weak rebound, but overall the bears remain dominant.
Fundamentals: Expectations of interest rate hikes are rising, the US dollar and US bonds are strengthening, putting pressure on gold prices.
Geopolitical factors provide only slight support, unable to change the overall weak trend.
Technical: The daily chart shows a large bearish break, with the rebound being a correction.
Resistance is at 4330-4350, support at 4250-4218.

Operation: Focus on shorting the rebound with pressure, short at 4340-4350, target 4280-4250.
Pay attention to the volatility linked to European and American economic data and the US dollar index. #黄金##现货黄金#
GLDX0.67%
PAXG-1.39%
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