Muyao: Deep-V dip and rebound; go long for the short term, then short again after the highs



In the early morning, the gold price dropped to 3999, then quickly surged and formed a V-shaped reversal. The short-term bullish momentum is strong. Once it holds above 4010, 4022 is short-term resistance.

The bigger trend still leans bearish. This time is only a short-term rebound. If it hits resistance when it rallies higher, you can still short.

Trading reference: Pull back to 4000–4010 for a short-term long; stop loss 3990; target 4030. If it rebounds to 4030–4040, you may short; stop loss 4050; targets 4020 and 4000.

Tip:
The analysis above is Muyao’s personal analysis. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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