Gold has peaked and started to decline, with early pressure continuing to be bearish!
During yesterday's operation, the daily chart of gold prices showed a swallowed up pattern, with high and low points directly covering the previous day's levels. However, today's market trend did not show a strong upward trend, but continued to fall under pressure from the upper range! The early market downturn is underway, and if the bulls do not continue, they will continue to watch for volatility. If the early market is high, they will first be bearish!
The top pressure of the market trend in the next hour is also quite obvious. Under the pressure of 2930, the gold price stopped at the 2922 line last night, and the high point showed a downward trend, which is equivalent to the market gradually entering a trend of oscillation and weakness! And the market trend is also consistent with our expectations yesterday! Short selling at high prices in early trading, the reference point for short-term layout is based on 2922! You can directly see around 2900 below!
Specific strategies
Gold 2922 short, stop loss 2930, target 2900
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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