XAUUSD: The rebound encounters resistance, continue selling
Updated
Gold's rebound is weak and the decline remains. You can enter the market again and go short. The current price is 1988, which is bearish!
Gold has fallen weakly, and its rebound has now been blocked by Bollinger's upper track pressure for 30 minutes, and it has been suppressed by 1990 twice! After encountering resistance, a new decline will begin! The downward trend has no bottom, and the decline target of this band is far from being achieved. The real support below is the daily Bollinger lower track 1950 line!
Short. The current price of the European market is 1986. We are directly short. We continue to be bearish and there will be new lows. The intraday downward target is 1970!
Gold has fallen weakly, and its rebound has now been blocked by Bollinger's upper track pressure for 30 minutes, and it has been suppressed by 1990 twice! After encountering resistance, a new decline will begin! The downward trend has no bottom, and the decline target of this band is far from being achieved. The real support below is the daily Bollinger lower track 1950 line!
Short. The current price of the European market is 1986. We are directly short. We continue to be bearish and there will be new lows. The intraday downward target is 1970!
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