June 18 Evening Gold Analysis



Gold previously surged to 4382 before experiencing a hundred-point plunge, with longs rushing to exit at high levels, and bearish sentiment fully dominating the market.

The slight rebound during the day is merely an oversold correction after the sharp decline, and the trend has not reversed. Short positions continue to increase, and the rebound space is very limited.
The hourly Bollinger Bands are opening downward, with the gold price under pressure at the middle band, and old support levels have all turned into resistance. The KDJ is slightly rebounding but has not formed an effective golden cross, indicating a lack of momentum for recovery. The downward trend is not over yet.

In terms of trading, wait for a rebound to 4280-4300 to short in batches, with targets at 4250 and 4230.
Data shows volatile market fluctuations, so strictly adhere to stop-losses. This content is for market analysis only and does not constitute investment advice. #黄金
GLDX-2.09%
PAXG-0.99%
XAU-0.94%
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