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7.8 Gold Morning
Hourly level has fully formed a standard downtrend channel, with staged rebound highs gradually lowering and bullish upward momentum continuously weakening. Gold price continues to face dual resistance from the short-term moving average and the middle band of the Bollinger Bands, with extremely strong overhead selling pressure.
The current slight recovery is only a technical correction driven by oversold conditions after a large drop; the overall bearish-dominant trend has not changed, and there is no trend reversal signal on the chart. Every rebound rally is a prime entry window for shorting in line with the trend.
Gold: short in the range of 4140-4160, first target 4090, second target 4050. $BTC $GT $ETH #GUSD年化升至3.8%