Gold rebounds and continues to sell, with the target below 2300

Gold bulls are just a flash in the pan. Neither the positive CPI data nor the Fed can save gold bulls. Gold rose and fell yesterday.

The end of the five-wave rise in the gold 1-hour chart ended the current round of gold rebound. Gold continues to continue the bearish trend. Gold is likely to break through 2300 again during the US trading period, setting a new low again. It rebounded near 2320 during the European trading period and then directly encountered resistance and fell back. The US trading rebounded below 2320 and continued to go short on highs. I plan to go short first when it rebounds near 2316.

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XAUUSD:Sell@2325 (Limit Order)

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About to fall to 2300

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Gold fell below the 2300 mark as expected. I won a great victory by choosing Sell today. Congratulations!

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