June 3 Midday Gold Outlook

Intraday spot gold hits a low and then strengthens, with a rebound in the morning

From the news perspective, Middle East geopolitical negotiations are stalled, new uncertainties emerge in the U.S.-Iran talks, expectations for geopolitical conflict heat up, and market risk-aversion sentiment rises quickly. U.S. stocks plunge across the board; risk capital flees and pours into gold for safe-haven purposes, while a weak U.S. dollar further pushes gold prices higher.

Looking at the technical side, the 1-hour and 30-minute K-lines hold above all short-term moving averages. The moving averages have shifted from pressure to support. The ATR indicator is oscillating and rising, and short-term bullish momentum is sufficient. Near-term resistance lies at 4484, with key support around the 4452 area.

Finally, Teacher Yan Yan’s trading plan: for the short term, when price retraces to 4455–4460, build long positions in batches. The first target is 4484; if it breaks, look at 4505. If 4484 faces pressure and fails to break, consider testing a small short position, and strictly control position size. #黄金 #黄金