Gold has begun to form an inverted V reversal pattern in the 1-hour moving average. If the 1-hour moving average of gold begins to turn, then gold may have a deep adjustment. If there is no strong risk-averse news for gold, then adjustments are inevitable. Gold is at least volatile in the short term. Don’t chase too much easily. Pay attention to the pressure near 3450.
Trading idea: short gold near 3446, stop loss 3456, target 3426
Trading idea: short gold near 3446, stop loss 3456, target 3426
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