Gold is bound to drop by $60 within two days

2024-12-12 2514

Gold is experiencing a strong upward trend, which is not a good thing. In the past few days, we have seen a deep decline

Overnight gold still maintains this strength, and the bulls are tired and will definitely fall back. Wolf Brother is unique in that as long as there is a rebound, it can be short, and the gold price is also abnormal in this trend

The four hour gold candlestick has hit a double peak, which is a clear historical top signal. The area around 2727 is clearly a strong pressure level, while the candlestick continues to stay away from the moving average, which is also an unreasonable sign. The risk aversion in Syria is also cooling down, and it is inevitable to be bearish on gold. The more this high and mighty bullish candlestick collapses, the faster it collapses, leading to a sudden collapse. Short selling, mainly high short selling, is the main trend

Investment strategy: Short selling gold 2730, stop loss 2742, target 2670

Disclaimer: Investment carries risks, caution is required when entering the market

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