Gold top bearish signal, continue to see decline

2025-01-17 1901

Although overnight gold briefly surged to around 2626, it was still the highest position for bulls, and the overall trend still showed a decline. Bulls were clearly weak, indicating that they could no longer rise. The hourly chart showed a clear bearish candlestick downward, which was also a clear evening star, directly breaking through all support, with huge potential below

The golden four hour line has deviated significantly and is bound to return. This trend is also abnormal. The candlestick is about to collapse, and it is preparing to plummet for thousands of miles. The target below is around 2670, which is also today's target level. Are you ready?

Investment strategy: Short selling gold at 2725, stop loss at 2735, target at 2670

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

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