Gold bears highlighted, 3270 under pressure bears

2025-05-02 1933

3270 short selling

Overnight, gold fell directly, with a continuous rhythm. The large bearish candlestick was engulfed by strong winds and tsunamis, directly swallowing the downward trend. The rebound was also short-lived and could not change the bearish form. The bearish form became more obvious, and the rebound was for better bearish sentiment. Currently, the candlestick has entered a lower level, and the downward trend is inevitable

The solid four hour bearish candlestick directly sinks the lower edge of the oscillation zone, which is the 3270 line. It has already broken the calm, and the current support level is obviously a resistance level. We continue to use the strategy of breaking through and being empty, that is, the 3270 line is resistance, and the moving average is also running downwards. The candlestick is always rubbed on the floor, always below the moving average, and is always suppressed. short, 3270 short

Investment strategy: Gold 3270 short, stop loss 3280. Target 3200

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

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