6.22 Early Morning Gold Analysis

Opened at 4158 in the early morning, then dropped to a low of 4136 before opening, began a strong rally, with an obvious bullish trend, increased volume, and a slow oscillating rise to a high of 4220, a brief upward move, overall in a weak correction phase, with short-term oversold conditions and a rebound correction demand.

From a technical structure perspective, the four-hour K-line shows that after the previous downward wave, the Bollinger Bands entered an upward state. Looking at the larger cycle trend structure, the dominant feature is clearly bearish, with rebound momentum continuously weakening. The subsequent downward drive has stronger technical logical support, so the overall trading strategy is mainly to sell on rallies. The hourly level shows oversold rebound demand, but the rebound space is expected to be limited, unlikely to change the short-term weakness.

Gold rebounds around 4230-4245 to short, with a target of 4180-4150, and a break below to 4100! #美伊谈判第一轮结束