6.30 Gold Morning Market Analysis

The current market shows obvious bearish pressure, and the overall downward trend remains intact.

Yesterday, gold opened the daily session at 4085. After a brief morning rally to the intraday high of 4086, bearish funds entered en masse, causing gold prices to quickly decline. It found support at the 4000 round number and remained in a low-level sideways consolidation into the close.

From the hourly perspective, the downtrend structure remains intact, with highs and lows continuously shifting lower. The bearish dominance has not changed.

4000 is only a short-term temporary support. The current rebound is merely a weak correction within the downtrend, with multiple layers of resistance above, leaving very limited upside space.

Gold: Short at 4020–4030 range, initial target at 4000 level; once support is lost, the next target is 3980.

$BTC