The rebound of gold is no longer strong, so stay short at 2887 in the morning session!
The gold market has completely broken below the 2876 line, indicating a downward trend. Currently, the trend continues to be weak, with the high point of rebound gradually decreasing in a bearish sequence. The direction of intraday operations is still so clear, and intraday rebounds are all opportunities for short selling! And the target for this round of decline will be closer to around 2850!
After experiencing a continuous decline, the gold price also began a short-term rebound trend in the morning session. However, although there was energy for the rebound during the session, the strength was completely insufficient, and the market only rebounded slightly, touching the 2885 line and then rapidly falling. This indicates that the current market energy is still very intuitive, and even in an adjusted market, it is not recommended to go long. There are many opportunities for a rebound! The most noteworthy thing at present is the short-term pressure at the 2887 line, while also paying attention to the current moving average below the 2892 line! Gold rebound approaching 2887, you can start short selling!
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