XAUUSD: The rebound gives Sell a chance, 2337Sell

The gold market has shown signs of a double top on the 4-hour chart, suppressing upward movement. Short-term rebounds lack strength, and the 4-hour moving averages have crossed bearishly, indicating the potential for further decline. The market opened lower this morning and has been declining since then, with any rebounds confined to around 2337. Below 2337 presents selling opportunities, so there's no need for hesitation; selling can be done now.

What convinces a person is never the logic but the obstacle in front of them; what awakens a person is never preaching but hardship. Flowing smoothly with the trend contrasts with chaotic resistance. Are you now awakened to the reality? If we can't change the market, we must change ourselves. Smart people often catch a ride with the prevailing trend, while stubborn ones struggle under their burdens. Which type do you belong to?

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Yorum:

Gold is following the same script again. It surges higher and falls back. There is no unilateral market trend. Gold's rebound in the U.S. market continues to be short, and it still has not broken away from the large-range shock. Gold's U.S. market continues to be short if it does not break the intraday high of 2345.

Gold's 4-hour moving average still forms a downward cross, and the threat of gold's 4-hour double top is still there. It is expected that it will be difficult for gold to rise sharply in the short term, and the US market will continue to be bearish.

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