I think it will still fall. The current trend is downward, and for now, only rebound short positions are possible. You can enter short positions on rebounds below 5000.
Where will it drop to? Gold has support at 4500. If you want to be more aggressive, you can enter early on the left side, aiming for a rebound below 4700, and take profits in batches.
What will happen next? I believe it will be difficult to hit new highs in the short term. The decline will only end after two days of bullish candles. It will take several months to gradually rise! #贵金属行情下跌 $XAUT
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GateUser-31749178
· 1h ago
When facing the market, nothing else matters; support levels are useless.
Will gold continue to fall?
I think it will still fall. The current trend is downward, and for now, only rebound short positions are possible. You can enter short positions on rebounds below 5000.
Where will it drop to?
Gold has support at 4500. If you want to be more aggressive, you can enter early on the left side, aiming for a rebound below 4700, and take profits in batches.
What will happen next?
I believe it will be difficult to hit new highs in the short term.
The decline will only end after two days of bullish candles. It will take several months to gradually rise! #贵金属行情下跌 $XAUT