Gold ushered in continued decline
Yesterday, the gold price fluctuated around the 2560 dollar mark. Is a drop important or not? The current range of gold is still 2580-2535. 2580 is also the watershed of strength and weakness. At the same time, if it falls below 2535, the probability of gold falling to 2500 will increase; if it breaks through 2580 and stabilizes, the probability of gold retesting the pressure will increase. Therefore, the general direction today can only look at this range for the time being.
Today, the gold price still has the risk of continuing to fall. "Bottom fishing" seems to have become a derogatory term in the market. Any currency has lost this function. Short selling has become the only choice and the best direction. If gold loses the support of 2535, it will fall by another 50 US dollars. Today's high and low point area has become the key to the long-short game.
Gold point: 2568-70 short orders continue to be held in the early trading. Those who have not entered the market can enter the market directly if the rebound does not break 2565. Let's look at the decline today! The target is the 2543-2535 line!
