June 16 Gold Morning Analysis

Gold prices reached a high of 4369 before facing resistance and pulling back, with profit-taking by bulls driving the price lower, entering a short-term high-level consolidation phase.
From a technical perspective, the four-hour moving averages are arranged in a bullish configuration, and the Bollinger Bands are expanding upward, indicating a very stable medium- to long-term upward trend; the hourly indicators have entered overbought territory, and the MACD bullish momentum is continuously weakening, suggesting a short-term correction and repair of indicators, but the overall upward structure remains intact.

Intraday short-term support is at 4300, with the core trend defense level at 4280, and resistance levels above are at 4350 and 4380.
Currently, the bullish dominance pattern has not changed; as long as the 4280 support holds, the outlook remains bullish. If this level is effectively broken downward, the market will switch to a weak oscillation.

Trading suggestion: Wait for the price to retrace to the 4300-4310 range to enter long positions, with a stop loss below 4290, and target the 4350 to 4370 range on the upside. #黄金