6.16 Breeze Evening Gold Analysis
London gold opened at 4309 in the daytime session. It dipped to a low of 4306 in the early part of the day, then received support and moved upward. In the afternoon, it rose to 4348. Overall, it continues the oversold rebound and repair trend that started on June 11. After a round of gains, the short-term market has built up a large amount of profit-taking positions, and upside momentum is gradually weakening. The current price is consolidating in a narrow range around 4330. The hourly Bollinger Bands keep tightening. Before the Federal Reserve interest rate d