KellyLondon

📉📉📉After the shock on Friday, gold fell sharply in the US market, reaching the lowest level of 3316. This shows that the adjustment is not over and will definitely continue next Monday. The short-term 4H cycle has weakened, and the daily cycle is suppressed on the upper track, but the overall market is still in a wide range of fluctuations, continuing the rhythm of May.The one-hour market fell below the key support level of 3330. This point is a short-term turning point for long and short positions. Its loss means that the short-term market has entered a weak and volatile pattern. However, the current market has not yet completely turned into a bearish trend. The subsequent trend is expected to fluctuate downward, but the amplitude is limited, and it is difficult to see a sharp drop. Therefore, short-term operations can be tried, but from a general perspective, long positions are still the main tone. Looking forward to next week, it is expected that the market will fluctuate and bottom out near 3300, and a new round of pull-ups will begin after the bottom is stabilized. The upper short-term pressure is at 3340, and the lower support is near 3300. The overall trading strategy recommends "short-term selling and long-term buying". You can flexibly arrange accordingly to seize market opportunities.

Analysis of gold news:During the U.S. trading session on Friday (June 6), spot gold continued to fall weakly and ended the week at around 3309. Gold rose and fell on Thursday. Earlier, silver broke through the $35 mark, hitting a 13-year high, driving gold prices to break through the $3400 mark, hitting a four-week high of around $3403.28. However, due to the signal of easing trade tensions released by the US and Chinese leaders during the call, the spot gold price closed down 0.6% at $3352.65. The market began to turn its attention to the upcoming US non-farm payrolls data and the policy trends of the Federal Reserve. On June 5, the call between US President Trump and Chinese leaders became the focus of global financial markets. Trump said on social media that the two sides reached a "very positive conclusion" on trade issues, while Chinese officials emphasized that negative measures against China should be withdrawn. This rare dialogue between leaders was interpreted by the market as a signal of thawing trade tensions, weakening the appeal of gold as a safe-haven asset, causing spot gold prices to fall back to $3,352.65 after an intraday high of $3,403.28. Despite this, gold has risen by about 28% this year, showing its strong demand amid global uncertainty. Analysts pointed out that the easing of trade tensions has a direct impact on the performance of safe-haven assets. The decline in gold prices reflects the market's optimistic expectations for the progress of Sino-US trade negotiations.Judging from the current trend of gold, the market will continue to fall next week; the decline is not as strong as expected, first look at the gap filling near 3,290, then look at the range of 3,260 to 3,250, and give specific points after updating the indicators on Monday; focus on the pressure near 3,330-3,335 next Monday, consider shorting ideas, and give specific operational suggestions on Monday.

U.S. President Donald Trump has repeatedly criticized Federal Reserve Chairman Jerome Powell for not cutting interest rates over the past few months.Last month, the Federal Reserve kept the target range for the federal funds rate between 4.25% and 4.5%, citing "inflation still somewhat elevated," as explained in its official statement. And now, with the central bank's June 17-18 meeting approaching, President Donald Trump has made his point without mincing words."ADP data is out!!! It's 'too late' Powell has to cut rates now," the president posted on Truth Social. "He can't believe it!!! Europe has already cut nine times!"Indeed, in a press release released Wednesday morning by Roseland, New Jersey-based staffing firm ADP, the private sector created just 37,000 jobs in May, the slowest pace of hiring in more than two years. Bitcoin was largely flat following the news, fluctuating around the $105,000 threshold throughout the morning. But stocks were slightly higher, with the S&P 500, Nasdaq and Dow Jones up 0.23%, 0.35% and 0.10%, respectively, according to CNBC.Bitcoin fell slightly by 0.70% over the past 24 hours, trading at $105,234.99 at the time of reporting. The cryptocurrency has lost 2.08% over the past week, with price action today mostly limited to between $104,232.70 and $106,457.19. The entire cryptocurrency market also fell by about the same percentage — 0.72%, according to Coinmarketcap.Trading volume fell by 6.15% to $44.48 billion as momentum across sectors cooled. Bitcoin’s market cap fell by 0.82% to $2.09 trillion, with its dominance falling by 0.16% to 64.06. BTC futures open interest also fell 2.02% to $70.58 billion, indicating an exit from leveraged bets amid weak price action.Liquidation activity was significantly lower than usual, with just $62,970 of positions liquidated in the past 24 hours, according to data from Coinglass. However, longs accounted for $56,780 of that total, again putting bulls on the wrong side of the latest market move. Short positions were liquidated for a smaller amount, at just $6,190.

1; Selling can be entered at 3400, with a target of more than 20 US dollars. Today's selling order is only tried once at this position2; Buying can be tried at 3330, with a target of 10-15 points.