6.25 Gold Thoughts



Recently, the gold market has been weakening. Yesterday, it directly broke through $4000 and continued to $3962. Yesterday's short ✔️ was realized as expected. Today, after rebounding to $4021 in early trading, it came under pressure again and fell back, currently hovering around $3390.

On the 4-hour chart, the overall downward pace has not changed. Since the previous high of 4382, it has opened short and continued to decline. The slight pull-up in early trading is only a short-term repair after the decline. Without medium- to long-term capital entering the market to support, the rebound is very unsustainable, and after the repair, it weakened again.

Refer to the 3995-4010 area for short positions, target 3960, if broken, continue to look at 3920.
GLDX-0.33%
PAXG-0.54%
XAU-0.56%
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