Gold signal continues to make profits, rebounds and sells again

Yesterday we were at 2318 Sell, but the gold price still fluctuated slowly, with the lowest falling to around 2306. The profit margin is not bad. Judging from the gold price fluctuations in the past two days, gold prices are currently in a shock adjustment stage, with the fluctuation range between 2320 and 2300. Today's opportunity for a breakthrough is likely to be after the release of the US initial unemployment benefits data.

Judging from the 30-minute moving average of gold, the dead cross short positions are currently arranged downward, and the downward trend continues. The 30-minute downward trend line of gold suppresses the rise of gold. Gold just touches the resistance of the trend line and falls directly. The rebound of the European market is affected by the downward trend. The line suppression will still continue to fall, and the trend line resistance has now moved down to around 2317, so I will continue to choose the high sell when it rebounds later.

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