6.17 Golden Midnight Strategy
Market Analysis
Gold price spiked to a high of 4363 before taking a nosedive, hitting a low around 4332 and is currently trading around the middle band of the Bollinger Bands. The upper Bollinger Band is sloping down, indicating a decrease in short-term upward momentum. The MACD shows a slight increase in green bars, suggesting that short positions are regaining dominance. The oversold bounce is limited in its recovery potential, and the overall short-term bearish structure remains intact, making any bounce a short opportunity.
Fundamentals
The market is waiting for the Fed's interest rate decision on June 18 at 02:00. Current market expectations and previous rates are holding steady at 3.75%, with recent rate cut expectations significantly cooling down.
Trading Advice
Consider shorting as the price rebounds to the 4350-4370 range.
First Target: 4320
Second Target: 4290
#黄金 $SPCXB
Market Analysis
Gold price spiked to a high of 4363 before taking a nosedive, hitting a low around 4332 and is currently trading around the middle band of the Bollinger Bands. The upper Bollinger Band is sloping down, indicating a decrease in short-term upward momentum. The MACD shows a slight increase in green bars, suggesting that short positions are regaining dominance. The oversold bounce is limited in its recovery potential, and the overall short-term bearish structure remains intact, making any bounce a short opportunity.
Fundamentals
The market is waiting for the Fed's interest rate decision on June 18 at 02:00. Current market expectations and previous rates are holding steady at 3.75%, with recent rate cut expectations significantly cooling down.
Trading Advice
Consider shorting as the price rebounds to the 4350-4370 range.
First Target: 4320
Second Target: 4290
#黄金 $SPCXB