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7.28 Morning Gold “Silk Road” Analysis
The hourly bearish trend is clear. Each time the price touches the upper Bollinger Band, it meets selling pressure and falls again. Consecutive bearish candles broke below the Bollinger middle band and short-term support, and the bearish indicators have continued to expand in volume.
The rebound lacks strength, and bullish follow-through is insufficient.
If the price rebounds to the 4080-4090 range, you can place short positions. Targets are 4030-4010.
Note:
The above analysis is my personal view from Muyao. The market changes rapidly; this content is for reference only and does not constitute any investment advice!
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