The early rebound continues to be bearish!
Updated
Gold's rebound in the U.S. market yesterday seemed a bit strong, but soon began to weaken and come under pressure. Gold was directly short at 2179, but gold still fell. It harvested a wave first, and continued to be short after today's rebound.
Gold's 1-hour moving average has also entered a dead cross short position, and after gold's 1-hour inverse V reversal, gold rebounded very weakly. When it rebounded, it came down. There are many resistances above. Yesterday, the US market only rebounded to around 2181, and it rebounded to 2181 in early trading. Continue to go short on the next rallies, and you can go short first on the rebound near 2178. After rising from highs and falling back, gold will fluctuate first if it does not fall directly. It is difficult to rise directly for the time being.
The market is changing rapidly, and the market conditions are all current. Trade your plan and plan your transaction! Since gold rebounded weakly and was suppressed by short sellers after rising high, we will continue to be bearish. Now it is just a relay of the decline. Gold continues to be weak and will usher in greater space.
Gold's 1-hour moving average has also entered a dead cross short position, and after gold's 1-hour inverse V reversal, gold rebounded very weakly. When it rebounded, it came down. There are many resistances above. Yesterday, the US market only rebounded to around 2181, and it rebounded to 2181 in early trading. Continue to go short on the next rallies, and you can go short first on the rebound near 2178. After rising from highs and falling back, gold will fluctuate first if it does not fall directly. It is difficult to rise directly for the time being.
The market is changing rapidly, and the market conditions are all current. Trade your plan and plan your transaction! Since gold rebounded weakly and was suppressed by short sellers after rising high, we will continue to be bearish. Now it is just a relay of the decline. Gold continues to be weak and will usher in greater space.
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