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7.28 Morning Gold Silk Road Analysis
The one-hour bearish trend is clear. Each time the price touches the upper Bollinger Band, it faces pressure and falls back. Consecutive bearish candles break below the Bollinger middle band and short-term support, and the bearish indicators continue to expand in volume.
The rebound strength is weak, and there is insufficient long-side follow-through.
If the rebound reaches the 4080-4090 range, you can place short positions. The targets are 4030-4010.
Reminder:
The above analysis is my personal view from Muyao. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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