Gold Morning Analysis



Recently, as long as the price rebounds to 5030, if you dare to short at that level, there will be profits. Gold has been oscillating continuously, and the ultimate result of oscillation will determine the winner between long and short positions. We're waiting for the turning point window to arrive.

As for the direction of the turning point, I remain bullish on a downward move. All K-lines are being suppressed by the moving averages. The weekly timeframe has seen two consecutive bearish candles, and the daily timeframe needs to continue searching for levels around 4900. Currently, rebounding into shorts remains the primary direction.

Short near 5017, target 4950, wave target 4900
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