Next week's rebound will continue to be bearish, and gold's decl

Perseverance without direction and purpose is futile. Many things require us to have a clear direction and purpose, and then perseverance will make sense. In daily trading, we need to have the right direction, and then work hard to stick to it, and success will be within reach.


The 4-hour moving average of gold is still in a short position. Now the resistance of the moving average has moved down to around 2317. The resistance near 2317 will continue to dry up next week. The 4-hour double top of gold continues to suppress the rise of gold. Gold's non-agricultural gains on Friday still surged higher and fell, and then fell sharply. Gold bulls were still unable to recover, and gold shorts were still better. Next week's rebound will continue to be short-selling at resistance near 2317.



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