Gold 2652 under pressure to continue short selling

2025-01-06 2866

The gold four hour moving average continues to close with a solid bearish candlestick, with four consecutive bearish candlesticks. This is a clear bearish trend with almost no signs of rebound, and even if there is a rebound, the bearish candlestick breaks through all support. The moving average runs upwards and shows a clear downward turn, and is directly bent. The resistance level has moved down from the 2660 line to around 2652, short selling, and 2652 short selling

Investment strategy: Short selling gold 2652, stop loss 2662, target 2620

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

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