Gold rebound completes, bears will make another move

25 May 2023

No one is born with a smooth sailing in life. The so-called destiny is actually to constantly discover and cultivate oneself through various tossing. To be responsible for oneself is to listen to the deepest voice in one's heart, make a choice, and then no matter what happens or how difficult it is, one must try hard to bear, overcome, strive for, and change. That relentless journey is a life with gusto.

Gold went up again following the rebound expectation yesterday, but when it was only one step away from the key pressure in 1988, the shorts counterattacked, and then the last downtrend started with mud and rocks. It is also going to break the bottom again, so today we mainly consider the idea of rebounding and selling. For gold operation, it is recommended to sell at 1967.50, stop loss at 1971.50, and target 1956~1952~1943. If the market is weak, then sell directly after breaking through 1954.

The gold daily line rose and fell back to the negative, and the rebound pattern in the bearish trend was completed, and the downward trend resumed again.
The intraday pressure is 1965.50~1970.50, and the support is 1954~1943~1932.

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25 May 2023

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Gold falls more slowly

25 May 2023

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