Gold falls below range, bears set to extend
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After falling below 1954, gold accelerated its decline, which is in line with the characteristics of short-term continuous decline. The bardo-yin line continued to close yesterday, indicating that the decline has not yet ended. However, since the trend line is close to support 1935, it may rebound here and then continue to fall, so it is still dominated by high altitudes. For gold operation, it is recommended to sell in 1948, stop loss in 1952, and target 1937~1926.
The gold daily line closed the bardo-yin line, and short positions were in full swing.
The intraday pressure is 1947.50~1955, and the support is 1935~1925.
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