Gold fell under pressure as expected!

✅The current gold price is in a continuous decline, and the decline is gradual. After each rebound, a new round of decline will begin. The high point of the rebound has not broken through the starting point, indicating that the bearish force dominates the market.

✅The 10-day moving average is the key reference position for the current rebound and callback. If the gold price cannot break through the moving average pressure of $2,613, the rebound height will be limited, and the bearish trend may continue.

🟢Upper resistance: 2613-2618
🔴Lower support: 2583-2586

✅Trading strategy:
🎯Strategy 1: Gold Sell 2613-2615, SL6-8$, TP 2600-2590, Breaking position looks to 2580 line

🎯Strategy 2: Gold Buy2583-2586 , SL6-8$, TP 2600-2605, Breaking position looks to 2615 line