#XAUUSD
#Gold technical analysis: Yesterday, the gold market opened low at 2768 in the morning. After that, the market first filled the gap and reached the daily high of 2772. After that, the market fell back to 2746. After that, the market rose again to 2772. After that, the market was under pressure to fall under the fundamentals of related commodities. After the daily lowest price reached 2730, the market was supported by the current upward trend line. After the daily line finally closed at 2740, the market closed with a big Yin line with a lower shadow slightly longer than the upper shadow. After this pattern ended, the daily line was Yin-enclosing Yang. The market had a need for adjustment on the daily line. The 1-hour moving average of gold also began to turn downward. If a dead cross is formed, gold will fall further. The gold rebound will no longer set a new high. The decline will continue to refresh the recent lows. Gold has obviously begun to weaken. The last low of gold, 2762, has now formed a counter-pressure. Gold rebounded to 2765 and then went short at highs. The market is changing rapidly. Gold bulls are powerless to turn the tide. Now it is just a rebound. The rebound is an opportunity for shorts. On the whole, the short-term operation strategy for gold today is to short on rebounds and go long on pullbacks. The short-term focus on the upper side is the 2765-2770 resistance, and the short-term focus on the lower side is the 2740-2735 support.
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