GOLD 2025-06-09

Gold had a deep decline and officially broke out of the horizontal price range accumulated in the previous 3 days. Although at present, the price is having certain reactions around the round price of $ 3,300, with the false-break structure established, the downward momentum is expected to continue to expand. The most optimal price point to enter a Short Gold position today is around $ 3,333 - this is the supply zone and the price reversal structure for the most recent continued decline. STP references 9 prices and the price target is extended to $ 3,290 - $ 3,275 - $ 3,264

However, it is necessary to be cautious and prioritize monitoring the price action of Gold in today's Asian session and set up flexible transactions according to price levels. The market is currently pricing Friday night's NFP as stable, so the rate of Asian session Gold continuing to decrease is extremely high (called: Movement following the direction left by the US session). So if after 8:00, Gold continues to extend the decline to $3,290, it is not difficult to understand. At that time, the Short strategy will be updated to around $3,313/$3,314 with STP $3,322, the same price target.