Morning Trend | CHIFENG GOLD (6693.HK) Funds on the Sidelines, High Position Adjustment Risk Rising?

CHIFENG GOLD (6693.HK) followed the overall collective pullback of the gold sector yesterday, falling below the key moving averages in the morning session, with funds primarily in a wait-and-see mode throughout the day, and no sustained buying actions from the main players observed during the session. Affected by the phase adjustment of international gold prices and the easing of risk aversion sentiment, the commodity attributes are significant, and the market remains highly attentive to inflation data, Federal Reserve interest rate hike expectations, and external geopolitical situations. External bearish factors are reflected in the valuation, intensifying the pullback pressure on the gold sector. A death cross has formed on the daily MACD, with moving averages in a bearish arrangement. In the short term, attention should be paid to whether key technical levels can be maintained; further fluctuations in gold prices during the session may trigger additional outflows of funds. Investors should closely monitor the market, pay attention to intraday volume anomalies and external market trends, with risk aversion becoming the main theme for the time being