Has gold peaked and gone short?So has gold peaked and turned bearish? Yesterday, it rebounded after a sharp drop. Although it fell back, it still closed above 3100, indicating that the market is not weak and has not completely turned bearish. Although the daily line turned negative yesterday, it closed with a long lower shadow and did not fall below the short-term moving average. We can only see long adjustments or corrections. There are generally two types of corrections: time correction and price correction. Time correction is to exchange time for space, and the price does not change much; while price correction is to complete the correction with rapid price fluctuations, mostly in the form of a high-rise fall or a bottom-out rebound. Yesterday's trend was a price correction.