Mu Yao: Long and short factors offset each other; gold trades weakly within its range in the evening session

Over the evening, gold continues its intraday adjustment rhythm, with the current price oscillating narrowly around 4105. Geopolitical risk provides only limited support, offering a slight floor under the price, but it is difficult to drive sustained upside.

The Federal Reserve’s somewhat hawkish remarks have tightened market expectations, continuously weighing on the bulls’ strength. The overall market is showing a range-bound, weak bias.

In the evening session, prioritize going short on strength. On a rebound to 4110-4125, short; first look at 4080 for support. If it breaks, expect further downside toward 4050.

Reminder:
The above analysis is Mu Yao’s personal view. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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