6.1 Gold Morning Market Analysis

From the news perspective, inflation data remains high, market expectations for interest rate cuts continue to cool down, and both the US dollar and US Treasury yields are rising, putting short-term pressure on gold prices. Currently, the market's bullish and bearish forces are tending to balance, and with non-farm payroll data about to be released, there is no clear unilateral trend in the market, and a more obvious consolidation pattern will prevail!

Technically, after a previous pullback, gold prices quickly rebounded, and the daily chart closed with a large bullish candlestick, completely reversing the previous weak trend. The four-hour bullish pattern is stable, with clear buy signals; however, after a short-term surge, indicators enter overbought territory, so intraday prices are likely to retrace and consolidate, building momentum for subsequent gains!

For trading references, if the price rises to 4545-4560 and shows signs of stagnation or resistance, consider setting up a short position, with a short-term target of 4520; if bearish momentum strengthens, further decline below 4500 is possible! #黄金 $XAUT