Gold rebounds slightly, still bearish

Gold rebounded from a slight decline during the day, and it can still be shorted after the rebound. Although the K-line of gold currently maintains a high level of shock in the daily trend, the price is showing signs of gradually moving out of the high-level shock range. The K-line has gradually begun to come under pressure from the short-term moving average. In the short-term trend, the technical form has begun to gradually weaken. signs. The 4-hour trend fell below the early linkage support and then a slight rebound just completed the technical form repair. At present, the short-term moving average continues to diverge downward, and the weak trend in the short-term trend has not changed for the time being.

I currently tend to short gold after a rebound.The current short-term resistance of gold has moved down to the 2165-2160 area.

Comment:

Last week we firmly looked at the 2145 line. Although it did not reach it last week, today the big negative line directly penetrated the support level of 2150 and directly reached our target level of 2145.

Comment:

Gold is short at 2158, stop loss at 2165, target at 2100, 2145

Trade active

Comment:

Gold has reached the key point near 2158, and you can short the position