Gold, yesterday's black line retracement, closed in the bald head barefoot pattern, also directly fell below the support of the short-term moving average system, the lowest touched the 24 line after a temporary stop, and the continuous rise of the market, a long time in the high sideways, if it has been maintained above the support level of operation, it is likely to be the effect of correction, such as a long time without the intention of breakout, then it is very likely to reverse the retracement, and then it directly fell below the support 30 line below, then it is very likely to reverse in the short term, at the same time, the moving average system has also broken, The weekly 5-day line also directly broke, the bulls' upward momentum is about to be damaged, and the current need to note that since it has broken the 30 line, we still need to follow the market to further short, this position is also our short-term entry point, if the European market stands at this position again, and there is no weakness, it still needs to be adjusted, and the primary support below is maintained at the 20 line, then intraday gold we still maintain short around 30-31, the target is around 20-15, loss 36.5.
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Gold is currently rising slightly, waiting for buying opportunities
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