Gold, short-term adjustment!
Attention, gold has entered a short-term adjustment pattern after falling below 2610!
So, don't buy too much today!
The reason why we have been consistently bullish recently is based on the key area of 2610. But after breaking through this level overnight, we sold short to see if there were any adjustments!
In terms of the current market structure, the mid-term turning point of the daily chart is still at 2560, which is the key defense for mid-term bullish sentiment!
In the short term, after falling below 2610 in the intraday yesterday, the adjustment pattern will continue, and the bottom 2590 or even 2580 is worthy of attention!
In short, above 2560, while keeping an eye on the adjustments, everyone needs to closely monitor the changes in the one hour level morphological structure. If a new one hour level bottom structure is formed after the adjustments, everyone can still continue to move northward in the band.
Of course, if we lose to 2560 directly in this round of adjustment, it may change the mid-term direction of 2025!
On this occasion of bidding farewell to the old and welcoming the new, I wish all investment friends smooth trading in the upcoming New Year!
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