From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments appear in the form of convergent triangle oscillations, showing repetitive characteristics. This adjustment has lasted for three trading days and is in line with expectations of range oscillation. As prices retreat under pressure near the upper track and find support after hitting the lower track, we expect the market to continue to fluctuate within this range.
In today's gold operation, it is recommended to focus on short selling at high levels. Focus on the resistance range of 2385-2395 at the top. If the price rebounds to this range, you can sell and open a position. Take profit at the bottom to see 2360-2350. I will update based on real-time trends, so please pay attention.
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The current price is near the resistance level of 2385, and you can sell and open a position. You can see below that it is around 2360-2350.
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The current price is falling rapidly after touching the downward trend line, which is consistent with my prediction.