Last night's gold market fully confirmed our predicted rhythm: first a surge to lure buyers, then a deep pullback.



Although the market did not fully reach the expected resistance level, it started to decline after encountering resistance around 4749-4750. During the midnight session, we continued to maintain a bearish outlook at high levels. After the price retreated to around 4730, the downward trend persisted. The current weak pattern is still ongoing.

At the opening of next week, focus still on the continuation after high-level resistance, and maintain a trend-following approach in terms of rhythm.
View Original
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