Gold's rebound continues Sell, the target is still below 2300
We are mainly bearish on gold in the near future. Now the gold price is still in a downward trend. As long as it rebounds, it will give a better Sell price. Yesterday, the gold price fell below the 2300 integer mark as expected. Today, it is likely to try the support of this area again.
It is currently rebounding strongly, but I personally think it is just a rebound, not a reversal, so you can consider selling in this area, with a target of 2300.
The gold 1-hour chart rose, but it still did not break through the high of 2326 after yesterday's US data. Under this position, gold is still dominated by shorts, but it is worth noting that if gold cannot fall quickly today, it may start to build a bottom structure. If it continues to rise and fall, and falls quickly, then the short trend of gold will not change.
It is currently rebounding strongly, but I personally think it is just a rebound, not a reversal, so you can consider selling in this area, with a target of 2300.
The gold 1-hour chart rose, but it still did not break through the high of 2326 after yesterday's US data. Under this position, gold is still dominated by shorts, but it is worth noting that if gold cannot fall quickly today, it may start to build a bottom structure. If it continues to rise and fall, and falls quickly, then the short trend of gold will not change.
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