Before the arrival of the blockbuster data, gold entered a technical correction. Gold fell to 1931 and then rebounded to 1946. At this stage, gold is technically oversold and in a short-covering correction trend, and the rebound is weak.
Yesterday, in my analysis post, I talked about gold’s slow decline. If it fails to fall below the key position of 1925, it will rebound. Everything corresponds to my analysis.
At present, gold is expected to rise to 1970, but we also need to pay attention to this week's US CPI data.
Gold overall bullish
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1965 go short
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1961 now
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The current market is in the process of determining the direction to correct. This is also a dangerous moment
The current market is in the process of determining the direction to correct. This is also a dangerous moment
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rebound
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