Gold, Morning Analysis



This week I mentioned seeing 4700, and last night the lowest was 4670. This wave's target has once again successfully fulfilled the promise. My target may be late, but I will never be absent.

Next, the trend is still downward, with resistance at 4800 above. Under pressure, the main strategy is shorting. Today's rebound is just a normal rebound after yesterday's oversell. Look for a normal downward move from high levels.

Short around 4787, target at 4650.
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