Gold just a range-bound rebound！

📊Yesterday, the gold price rebounded and continued to be under pressure at the 2915 line. The price rebound failed to effectively stand at a high level, resulting in the failure of the MACD indicator golden cross change. The US trading session started a correction and fell below the recent shock range. Today, the gold price hit the lowest level of 2880 in the morning and then rebounded to around 2910.

📊After breaking the key support yesterday, today's short-term weakness is expected. Although it rebounded strongly in early trading, the focus is whether yesterday's starting and falling point, that is, the position of 2915, which continues to be under pressure, can be held. Although it is a shock pattern, if the key position is maintained, it will fluctuate downward again. At the same time, the gold price is likely to use 2930 as a phased suppression and launch a shock correction, rather than a unilateral decline.

🔴Upper resistance level:
-First: 2908-2910
-Second: 2915-2918
-Third: 2928-2930

🟢Lower support level:
-First: 2890-2894
-Second: 2880-2885
-Third: 2865-2860

✅For today's short-term gold trading strategy, it is recommended to prioritize short positions after a rebound, while considering long positions on pullbacks

✅Trading strategies are time-sensitive. We will provide real-time and accurate trading strategies based on market changes. Please stay tuned.