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Gold, after closing out short positions last night, tried to short again after the US market opened in the evening, but this time the rebound was very strong, hitting the stop loss.
The rebound from yesterday's low was $177, which is not a small amplitude, but it's basically hard to achieve.
Currently, the gold trend is also uncertain about what will happen.
First view: After the rebound, it will continue to fall, completing three waves of decline, and find support at the MA60 or the previous low.
Second view: Falling 0.618, another two-wave decline, yesterday's low has already stabilized, currently over 5000.
In short, it's not easy to trade, so let's take it step by step.