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5.5 Morning Jing Yi Gold Brief
The market will always give you unexpected surprises. Yesterday, gold was shorted at 4640, the target was reached at 4505, and a 135-point profit was realized.
From an hourly chart level, a clear top signal was formed earlier at 4660; the Bollinger Bands opened and turned downward, and the downtrend has already been established. Currently, it is trading in weak consolidation around 4520. This is only a technical rebound within the ongoing decline; the lack of rebound momentum directly reflects the market’s weakness. For intraday operations, the focus is on selling short on rallies and going short in the same direction following a breakout and breakdown.
Trading suggestion: Place shorts in the 4550-4560 range, with targets looking toward 4500-4480.
#WCTC交易王PK