Gold’s five-game winning streak, short-term rebound is short!
Gold won three consecutive times yesterday, 2353 was bullish and harvested. After the US CPI data, 2351 continued to be short. Gold fell again and harvested. Gold's long and short wins were two consecutive. It followed yesterday's three consecutive victories. Gold won five consecutive victories. Gold can't go up. , the short-term has peaked, and the rebound continues to be short.
Gold's 30-minute moving average has begun to turn. If it forms a dead cross downward, then the room for gold to fall will be opened, and gold will fall further. Gold has already fallen below the previous low of 2338, and the rebound after the data has only reached around 2350. Gold The strength of the rebound has weakened, and gold continues to go short on highs below 2350.
The market is not simply about chasing the longs when it rises, or chasing the shorts when it falls, nor is it about buying the bottom when it falls, or the top when it rises. Today we have been emphasizing that gold has peaked in the short term, but there are still many people who continue to chase the highs, and then they are trapped by the pursuit. After being trapped, they are in excruciating pain, and then they start to lose their rhythm and position. The market has its own logic behind it. The market is current, and trading is also current. Look at the pictures to speak, summarize more and observe more, and you will eventually see the light of day. Smart people always like to keep up with professional people and keep things simple.
The market is not simply about chasing the longs when it rises, or chasing the shorts when it falls, nor is it about buying the bottom when it falls, or the top when it rises. Today we have been emphasizing that gold has peaked in the short term, but there are still many people who continue to chase the highs, and then they are trapped by the pursuit. After being trapped, they are in excruciating pain, and then they start to lose their rhythm and position. The market has its own logic behind it. The market is current, and trading is also current. Look at the pictures to speak, summarize more and observe more, and you will eventually see the light of day. Smart people always like to keep up with professional people and keep things simple.
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Gold continues to make profits, and there is still $10 close to the target price
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