6.16 Gold midday market analysis

Technical aspect: 5-day 4315, 10-day 4311 serve as short-term support, 20-day moving average 4236 stabilizes the medium-term bullish trend. Gold price remains above the short-term moving average, with short-term averages consolidating, and the 20-day moving average continues to rise, indicating the bullish structure remains intact.

Gold previously bottomed out at 4024 to complete a reversal, the bearish force from the 4515 high point has been exhausted as it pulled back, buying interest at low levels supports the floor, with the lows gradually rising, turning the larger cycle into a bullish trend.
4024 and 4138 form double bottom support, with limited downside space; intraday pullbacks are just shakeouts before further rise, with no significant decline risk, and dips are opportunities for low buy-ins.

Trading strategy

Buy in stages on pullbacks to 4300-4310
Short-term target 4340-4360, a break above can look toward 4400

Risk control: Delay long positions if it falls below 4290; if it rises without breaking 4360, consider reducing positions and exiting #黄金