Gold Poised for a Temporary Decline

l’altro ieri

Good evening, everyone. Tonight, we will be analyzing the recent movements in gold. After a sustained upward trend, gold has broken below the blue descending channel, indicating a potential shift towards a short-term decline. We may see prices drop to around the 2696 level, which is the lower boundary of the black channel.

With the trigger already pulled, those considering a short position can refer to the following points:

• Take-profit level: 2696
• Stop-loss level: 2731

Given the wider stop-loss range at this point, please exercise caution with your position sizing.

Be mindful of position management and risk control as you approach the market.