XAUUSD: The rebound is weak, prepare to sell at a high level
Updated
Gold's rebound is weak and it remains below 2003! The current price of European market 1998 is directly empty! Bearish!
Looking at the hourly chart, gold is now oscillating at a high level. Previously, the bulls were strongly rising, but now they are unable to rise, which means that the bulls are very weak! If you are no longer strong, you will become weak! Moreover, the rebound after breaking through new highs further proves the weakness of the bulls!
The current price of 1998 in the European market is directly short, defending the 2005 position, and controlling 1990 below. Once it falls below 1990, it means that the market turning point is confirmed!
Looking at the hourly chart, gold is now oscillating at a high level. Previously, the bulls were strongly rising, but now they are unable to rise, which means that the bulls are very weak! If you are no longer strong, you will become weak! Moreover, the rebound after breaking through new highs further proves the weakness of the bulls!
The current price of 1998 in the European market is directly short, defending the 2005 position, and controlling 1990 below. Once it falls below 1990, it means that the market turning point is confirmed!
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