Gold is too strong, cautious deep decline, looking below around 2840?
Overnight gold surged above 2880 again, but then fell back below 2870. The daily candlestick candlestick chart continued to rise, and this decline is a downward trend. It is cautious to chase higher prices. Today, let's focus on the pullback.
Now the market makers are trying to break through the short orders, because the vast majority of them are short orders. There are a lot of short orders below, but whoever can withstand this wave, then you are the winner. Gold has risen so fiercely, and a deep decline is also certain. If it continues to rise, traders will be anxious.
The daily candlestick level K-line deviates significantly from the moving average track, which is derailment and seriously violates the attractiveness of the moving average and gold prices. This wave of decline may directly reach 2500 or even 2000 points, causing a free fall movement. The 4-hour line has closed with a large bearish solid line, which directly engulfs the downward trend. The large bearish solid line covers the bullish solid line and is also a short-term top signal.
Investment strategy: Short selling gold at 2880, stop loss at 2890, target at 2830；
Disclaimer: Investment carries risks, caution is required when entering the market
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