Gold: Short positions have reached the bottom with a lot of space

2025-01-20 2100

The four hour gold candlestick is clearly still in a bearish form, with continuous bearish candlesticks and a sunset star at the top, which means that the bearish candlestick directly covers the bullish candlestick. This is a signal of reaching the top, and the candlestick also starts to exert force from above the moving average, directly sinking the support line. Obviously, it is already a bearish candlestick, and there is still a lot of space below. The area around 2725 is a historic triple top. Do you believe it now?

Investment strategy: Short sell gold 2711, stop loss 2719. Target 2670

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

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