Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short.
The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour.
Trading straregy:
gold: sell@1959 tp1:1949 tp2:1944
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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