Short-term gold bears prevail
Gold CPI data is bullish. Gold failed to break through the historical high, and gold began to fall and break. Gold bulls were hit hard, so it will take time to repair in the short term. Gold short-term bears are better.
The 1-hour moving average of gold has begun to turn. Now focus on whether the 1-hour moving average of gold can form a downward death cross. If gold can form a death cross, then after gold rushes higher and falls back, the downward space will open, and gold shorts will continue to exert force.
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