Gold is suppressed below the trend line and turned sideways to fall. The hourly line has gone negative. Falling first has almost become a rule and feature of gold in recent times. Focus on the 3236-3240 area for shorting, and the support below is 3215-3200. If there is no rebound, you can directly try to short with a light position and look for a decline. Between time and price, time is more important, only for gold. Further look at the 3160-3170 area below, and consider low longs to see a rebound when it touches.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.