GOLD: The DownWard Pressure Cause by Muti-factors
Gold has now accelerated its decline, breaking below the lower Bollinger Band. Bearish momentum is unleashing with great force, and the price action is exhibiting an extremely weak, one-sided downtrend.
The current downward slope is extremely steep, with bearish forces completely dominating the market. It is expected that, following a weak short-term rebound, the gold price will directly target the extremely critical psychological and technical round number level of 4300–4310. $Gold - main 2612(GCmain)$
A short-term downtrend has formed in gold, and blindly buying the dip is absolutely forbidden today. The strategy is to sell on rallies! The key resistance level is currently at 4342-4350! Optimal strategy for the Asian and European markets: Sell: 4340-4342 TP: 4310-4305 SL: 4355 (Adjust according to personal preference
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