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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Macro Trend

Monetary policy, various types of price indices... Here is everything about the macro economy!

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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. <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a>\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/13a6e39072394ae4262526b105cf9dc6\" tg-width=\"975\" tg-height=\"536\">\nA 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\nFollow me to learn more about analysis!!\n</body></html>","htmlText":"<html><head></head><body>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.\nThe 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. <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a>\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/13a6e39072394ae4262526b105cf9dc6\" tg-width=\"975\" tg-height=\"536\">\nA 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\nFollow me to learn more about analysis!!\n</body></html>","text":"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 Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":60,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/596743920297392","repostId":0,"isVote":1,"tweetType":1,"viewCount":205,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":741,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/596743920297392"}