XAUUSD: Rebound to 2332 met with resistance, ready to Sell
Gold prices fell sharply last Friday and turned to a downward trend again. From the daily chart, it is currently in a strong state of a big negative line. The trend remains unchanged. Rebounds are opportunities to sell, and the current rebound of gold prices is just like this. This is just a rebound, not a reversal.
From the 1-hour chart, you can see that the 2332 line is a historical resistance area. Every time it comes to 2332, it will turn down. Today, the rebound of gold prices also encountered resistance here. As long as it rebounds here next, you can choose to sell, with targets at 2318 and 2300
From the 1-hour chart, you can see that the 2332 line is a historical resistance area. Every time it comes to 2332, it will turn down. Today, the rebound of gold prices also encountered resistance here. As long as it rebounds here next, you can choose to sell, with targets at 2318 and 2300
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