Gold is now on sale. Range trading is difficult to break out of.
After the release of the Federal Reserve's interest rate decision yesterday, the gold market was not big, and gold continued to fluctuate. Since it is still fluctuating, gold rebounds to a high level and continues to be short. It is still difficult for gold bulls to rise temporarily. Gold is directly short above the current price of 2772 in the European session.
Gold continued to fluctuate in 1 hour. After gold bottomed out and rebounded, it did not continue to rise and break through yesterday's high. Therefore, gold bulls lack confidence. Gold is under pressure and continues to be short near yesterday's high of 2772. Gold can be shorted at the current price of 2772 in the European session.
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