6.26 Muyun Morning Gold Commentary


Yesterday, gold prices surged to 4018, but met resistance and fell back to 3963. During the U.S. evening session, the rebound to 4044 weakened again; 4060 only provided brief support. The bearish trend remains unchanged—any rebound is an opportunity to short.

The hourly Bollinger Bands have opened downward, indicating weak rebound momentum. On the 15-minute chart, the double top at 4044 is holding down price. On the daily chart, the bearish structure is firm, and any rise is merely a correction within the downtrend.

Trade: Short 4035-4050, stop loss 4065, targets 4000-3970; if the level is broken, look at 3940
Reminder: Keep stop losses strictly controlled. This is for market reference only and does not constitute investment advice.
XAU-1.52%
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