Gold, Morning Analysis



The current trend is clearly weak, with the 4700 level repeatedly broken. It's really easy to find a position to go south; as long as you go south, you can catch the move. It's not too late now.

Currently, don't chase the high in this kind of trend, because you'll be wiped out at the pullback point. And all moving averages are downward, so the bulls are still under pressure in the short term. Prepare for a sharp decline today.

Short around 4733, target at 4570.
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