Gold continues to wait for a rebound to short!
Updated
Take profit on short orders, technically short positions have a demand for back-drawing corrections, and a stable operation strategy within the day can patiently wait for the price to rebound to around 1932-1933 before placing short orders!
The daily trend has closed a relatively large negative line, and there is a high probability that it will continue to maintain a negative trend.
The hourly short trend remains good, but the only downside is that the counter-drawing power is relatively weak, and there are very few opportunities to enter the market. If you don't grasp it well, you will wait and see all day. From a technical analysis, the moving average maintains the form of a dead cross, and the price has also fallen below and stabilized below the bullish trend line. The decline is already a certainty. If it rebounds to the 1933 line today, it can continue to be empty. Focus on the moving average pressure of the 1938 line in the day , the goal is to look at the support level of 1918, which is a 50% retracement of the overall rise!
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