Gold fell below 3200 as expected

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The latest situation of gold at the 4-hour level. The 4-hour chart is currently in a downward trend. In the chart, yesterday’s high of 3265 is resistance. The moving average MA5-MA10 is in a dead cross, and the short-term is bearish. Yesterday, it was under pressure above 3260, but the market fell back afterwards. Recently, it has maintained a trend of continuously moving downward lows. 3200 is support in the chart. Now that it has broken through 3200, it is expected to continue to fall back to 3160-3150. In terms of operation, rebound is mainly short.

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