Gold continues to predict a sharp decline, looking at the 2730 line
Overnight gold is clearly unable to rise, and the candlestick has been blocked around 2760, indicating insufficient strength. We will continue to focus on short positions, as well as yesterday's 2730 level;
The gold four hour moving average continues to maintain a high horizontal trend, and the width of the horizontal trend will lead to a sharp drop. Moreover, the K-line continues to deviate from the 50 moving average, which is an unreasonable trend. It is inevitable and certain to return to the moving average, because the moving average depicts the gold price and has mutual attraction. The support below is around 2730, which is also our target level. Are you ready for a sharp drop?
Investment strategy: Short sell gold at 2770, stop loss at 2780. Target at 2720
Disclaimer: Investment carries risks, caution is required when entering the market
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