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
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin