Gold bears set to test previous lows
Gold is in the stage of rebound and repair in Asia and Europe today. At present, it seems that it is basically in place. In the evening, it is still mainly bearish, to see if it will fall below last night's low. The 1948.80 point prompted in the morning has been touched, so those who enter the market will execute according to the risk control and target. Sell gold at 1948.80, stop loss at 1952.80, target 1940~1937, see 1933 if it falls below
The gold daily line is engulfed by a big cloud, and the structural reversal is beneficial to the bears.
The previous five-wave decline in wave A has ended, and the market has entered wave B in the medium-term rebound trend. At present, the evolution of the shape is more complicated, but as long as the previous low is not broken, the market will still be volatile recently.
The intraday pressure is 1949~1952, and the support is 1940~1932.
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