Mu Yao: Weakness remains unchanged, a rebound is a good opportunity to short



The US dollar stabilizes combined with the Federal Reserve's expectations fluctuating, the market sentiment is cautious, and gold prices are generally under pressure and weak.

Technically, it fluctuates near the middle band of the Bollinger Bands, with a short-term trading range of 4586-4603, and indicators continue to converge, maintaining a weak oscillating pattern.

Trading ideas:
Short in the 4630-4640 rebound zone, add to short positions if strong resistance appears at 4645-4665;
It can also be shorted around 4600 during the pullback, with targets sequentially at 4580 and 4550.

Reminder:
The above analysis is Mu Yao's personal analysis. The market changes rapidly, and the content is for reference only and does not constitute any investment advice!
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