August 10 analysis: When gold is approaching 4400, don’t chase the price up. That day, its highest point rose to just a little above 4400 and then it dropped. Now it has fallen to just above 4310, already down more than 100 points. The entire trend matches the analysis perfectly #黄金
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比特币总裁
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From the daily chart level, gold’s candlesticks show a multi-bottom pattern. In the short term, it has risen for two consecutive sessions, successfully breaking above the MA60. However, if it keeps bouncing, it will run into the MA120 overhead. Under the pressure of the long-term moving averages, if it cannot break through and hold above the 4400 resistance level, it is prone to a surge-and-retrace. Therefore, near 4400 it is not advisable to chase the rally. Going forward, if it can pull back again to around 4000 or below, you may consider buying the dip in batches #黄金