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Gold, Morning Analysis
Recently, as long as the price rebounds to 5030, if you dare to short at that level, you'll have profits. Gold has been oscillating all along, and the final result of oscillation will determine the winner between bulls and bears. We wait for the inflection point window to arrive.
Regarding the direction of the inflection point, I still remain bullish on a downward move. All K-lines are being suppressed by the moving averages. The weekly chart has seen two consecutive bearish candles, and the daily chart still needs to seek the area around 4900. Currently, short on rebounds remains the main direction.
Short around 5017, target looking at 4950, segment looking at 4900