Gold can continue to sell at high levels after rebounding

The Federal Reserve's interest rate decision on gold has kept interest rates unchanged, and the Fed is still doubtful about the next interest rate cut. It is still a bit difficult for gold to reverse directly into a deep V, and it is not enough for gold to reverse directly.

Gold's 4-hour moving average is still a dead cross downwards, and the 4-hour double top is still suppressing the rise of gold. In the short term, gold's direct rise will still be suppressed. Tomorrow's NPF data, the market is expected to be volatile today, and we still have to wait for the non-agricultural sector to resume. Let’s have a showdown, wait for the rebound to near 2325 today and sell first.

Generally speaking, a rebound does not mean a reversal. Don't be fooled by the apparent strength. There are still variables as to whether gold has truly turned bullish. It is not uncommon for the market to fall back with the news. Therefore, Sell continues to be high.

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