The downward trend remains unchanged!
At the same time, after the current decline in gold, traders who have positions above should pay attention that the early morning rebound cannot exceed the stage pressure of 3292-3300. The larger the rebound, the weaker the downward momentum. After a continuous decline, the 3260 position can be seen below. After breaking, the 3230 point needs to be paid special attention to below. This is the golden section position of 50% retracement since the rise from 2956 to 3500 in this round. It is also a multiple resonance area in the trading concentration area. After reaching this point, traders who hold short positions should consider being more cautious.
At the same time, after the current decline in gold, traders who have positions above should pay attention that the early morning rebound cannot exceed the stage pressure of 3292-3300. The larger the rebound, the weaker the downward momentum. After a continuous decline, the 3260 position can be seen below. After breaking, the 3230 point needs to be paid special attention to below. This is the golden section position of 50% retracement since the rise from 2956 to 3500 in this round. It is also a multiple resonance area in the trading concentration area. After reaching this point, traders who hold short positions should consider being more cautious.
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