6.22 Mu Yun Noon Thoughts

The early morning gold market experienced a surge in buying pressure, pushing the price to test the key resistance at 4220 before turning downward. The market's bulls and bears are intensifying their battle, and currently, gold prices are stable around 4176, fluctuating in a range.

The safe-haven attribute driven by geopolitical tensions has provided a bottom support for gold prices, but the Federal Reserve's rate cut expectations are constantly changing. The battle between bullish and bearish funds remains balanced, and there is no clear directional trend in the market. Overall, it is operating within a wide-range oscillation structure, and traders should avoid blindly chasing orders.

From a short-term perspective, the bears still hold the initiative. In the afternoon, the 4200 level is the primary resistance, with 4220 serving as the core resistance in this cycle. Until the price can stabilize and break through this level, the bulls will find it difficult to expand the upward movement.

The trading strategy mainly follows the trend: when the price rebounds to the 4200-4220 range and shows signs of weakening upward momentum, it is a signal to enter short positions. In the short term, the support level is seen at 4170. If this support is broken, the next downside target is adjusted to 4150. #黄金