The high point of gold may have already appeared today!
Overnight gold rose as expected. For today's market, firstly, today is the 21st trading day for gold to rise from 2536 and the 13th trading day for gold to rise from 2605, which may become a new round of trading window.
Secondly, the 2730 line is a significant pressure on the daily chart, and if it cannot be crossed, it will inevitably turn downwards!!! In fact, the hourly chart has now formed a bearish trend, and it is possible that 2726 will be today's high point!!!
So, in terms of operation, it is recommended to sell gold directly above 2720 today and continue to watch the sharp decline!!!
(Investment carries risks, caution is required when entering the market; the above suggestions are for reference only, and profits and losses will be borne by the operator based on this.)
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