It is another volatile day for gold in Asia and Europe. Although the European market is rising, there is no pressure to break through 1930, and the bearish downward trend remains unchanged. The current price of 1925 in the US market is directly short, bearish!
Looking at the trend of gold, there is an obvious bearish downward trend, and many rebounds have failed to break through the pressure position of 1930. The upward attack is weak. The 1930 position is the end of this rebound and the starting point for another decline! Next, gold will test 1910 or even lower for the second time!
The current position of gold is a volatile trend. This wave of decline will have to test the support of the lower Bollinger Band before it can rebound again! Therefore, we will continue to be bearish next. We will be short at 1925, and our defense will be the pressure position of 1930!
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Gold: Now is the time to buy
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