New lows keep trending short, gold 3000 directly short sold
Yesterday morning, there was a new low, and in the evening, there was another new low. In such a market environment, new lows keep falling, which is a weak market and a bearish market. At the moment when 3000 points fell below, many investors' beliefs collapsed and they were determined to stand firm at the 3000 level. At this moment, the current downward trend has not yet ended, and I will continue to go short.
The daily cycle has continuously fallen below two moving averages, which is the most obvious bullish or bearish signal, because before this, gold had been running at the moving average during its unilateral upward trend. Now that it has broken the level, it indicates a turning point.
Anyway, today is empty
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