Gold Market Analysis and Trading Recommendations for Today

6月12日

Yesterday, gold surged then pulled back in a washout move triggered by CPI data, before rebounding again in the evening on news-driven sentiment, closing the daily chart bullish. This morning's opening saw further rally breaking new highs, confirming strong bullish momentum. Today's strategy remains buying on dips with the uptrend.

On the 4H chart, gold stabilized at the mid-Bollinger band before rebounding with consecutive bullish candles. Moving averages are bullishly aligned and Bollinger bands are widening—all signaling strong bullishness. However, as the triangle consolidation range remains unbroken, chasing the rally is unadvised. Focus on dip-buying: key supports at 3,345–3,340 and 3,325; resistances at 3,385 and 3,400, where potential shorting opportunities may be considered based on price momentum.

XAUUSD
buy@3340-3350
tp:3370-3380

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6月12日

交易進行

In today's strategy, it was suggested to go long on gold at the 3340-3350 range. During the European session, gold bottomed out and rebounded as expected, surging to 3400. Additionally, the strategy also suggested shorting at the resistance levels of 3385 and 3400, both of which yielded good profit margins.

In the 4-hour cycle of gold, after pulling back and stabilizing at the middle Bollinger Band, the price closed with a bullish candle and rallied, showing a repeated and circuitous slow-bull upward rhythm. During the US session, gold touched the trend resistance at 3400 and saw a slight short-term retracement. The intraday market conformed to the expected trading plan. For the follow-up, pay attention to the support levels at 3370 and 3340 below, and the resistance levels at 3400-3405 above. In terms of operations, focus on going long on pullbacks.