The 1-hour moving average of gold continues to turn downward. If a downward dead cross pattern is formed, then there is still room for gold bears to fall. Gold is under pressure to fall near the resistance line of 3340.
Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish.
Trading ideas: short gold near 3338, stop loss 3350, target 3318
Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish.
Trading ideas: short gold near 3338, stop loss 3350, target 3318
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