The rapid snapback of this round of oversold rebound in gold—after going into a high-level sideways consolidation—last night suddenly surged, only to be quickly dragged down after being suppressed by the daily chart’s trendline. If it cannot break through that trendline in the short term, then the endpoint of this rebound should be around 4380. After that, it’s likely to set new lows again.

PAXG-1.71%
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
  • Pinned