3.24 Gold V-Shaped Rebound Is Not a Reversal, 4450 Under Pressure Continue Shorting
Market Review:
Gold opened lower at 4469.46 USD/oz in Asian early trading yesterday, with short-term rebound first, successfully filling the gap and touching intraday high of 4535.81 USD; subsequently, bulls met resistance and declined sharply, with the Asia session diving significantly to the intraday low of 4099.12 USD.
After touching the low, gold prices staged a rapid rebound, briefly returning above 4500 USD in early US session, but bullish momentum soon fizzled, encountering resistance and entering range-
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