Gold is about to see a waterfall
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The 4-hour chart fell last night and rose again today. It has slightly broken through the 10-day moving average and the middle track resonance point of 2733. Once it is confirmed to be still effectively supported after a pullback tonight, it will rise further. At present, the support at 2714 below is still effective, and a certain double bottom structure has been formed. If the market wants to weaken and adjust in the future, it must be effectively lost. Today, the Asian and European sessions have fluctuated and risen slowly. From the low point to the current high point, it has risen by 30 US dollars, which can be said to be a very fast change.
At present, the European high is 2758. If it continues to break through tonight, the overnight decline cannot be ruled out to be gradually recovered. Going up, we will gradually look at 2765, 2768, 2775-80, etc.; In addition, the European low of 2732 is also the key. As a slow rise, there can be basically no too much retracement. It is okay to pierce it. If a big negative is formed and it loses this place effectively, then the rebound will end and enter the consolidation between 2739-2708;
The 4-hour chart fell last night and rose again today. It has slightly broken through the 10-day moving average and the middle track resonance point of 2733. Once it is confirmed to be still effectively supported after a pullback tonight, it will rise further. At present, the support at 2714 below is still effective, and a certain double bottom structure has been formed. If the market wants to weaken and adjust in the future, it must be effectively lost. Today, the Asian and European sessions have fluctuated and risen slowly. From the low point to the current high point, it has risen by 30 US dollars, which can be said to be a very fast change.
At present, the European high is 2758. If it continues to break through tonight, the overnight decline cannot be ruled out to be gradually recovered. Going up, we will gradually look at 2765, 2768, 2775-80, etc.; In addition, the European low of 2732 is also the key. As a slow rise, there can be basically no too much retracement. It is okay to pierce it. If a big negative is formed and it loses this place effectively, then the rebound will end and enter the consolidation between 2739-2708;
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