Gold 2700 has resistance, with high altitude dominating today

2025-01-16 2752

We bought more gold overnight at 2673, but of course, gold rose;

At present, we still insist on high short selling as the main strategy. This rebound is not enough to change the bearish pattern, and there is still room for improvement below

The golden four hour line is in the form of a double peak near 2700, and it is also particularly obvious. Every time the candlestick line is here, it needs to deeply fall back. This slope is not easy to break through, and at the same time, the candlestick line deviates seriously from the moving average again. This is abnormal, and a return is inevitable. Therefore, if we look at a pullback within the day, the opportunity has come. Are you here?

Investment strategy: Short selling gold 2705, stop loss 2715, target 2670

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

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