6.30 Gold Early Morning Thoughts

Yesterday, gold surged to 4086 before quickly weakening and pulling back, closing after retesting the 4000 level in the late session. The hourly cycle shows a continued decline, with the downtrend structure remaining intact. 4000 is only a short-term support level, and the current rebound is merely a weak recovery after the drop. The pressure above is dense, and the upside rebound space is severely compressed.

On the news front, the US-Iran conflict has temporarily eased, and market risk aversion has faded somewhat, providing only weak support for gold prices. However, regional risks remain, and subsequent market trends are still uncertain.

From a technical perspective, this rebound lacks the conditions for a reversal. The bearish dominance pattern remains unchanged, and the rebound is weak. Today's market is expected to remain weakly oscillating. In terms of operations, continue with a short-selling strategy, waiting for the rebound to face resistance before positioning short trades.

Trading Suggestions

Place short orders in batches within the 4005-4040 range, with an initial target of 3930, and after breaking, further look toward 3900#黄金