Gold corrective or reversal?

✅The short-term moving averages (MA5 and MA10) act as strong resistance, and the current pressure ranges are 2925 and 2930 respectively. If the gold price can break through these two key resistance levels, it means that the correction may only be temporary and the gold price may resume its rise. However, if the price fails to break through these resistance levels, the market will have a greater probability of continuing to fall.

🔴Upper resistance level:
-First: 2925
-Second: 2942
-Third: 2956

🟢Lower support level:
-First: 2892
-Second: 2878
-Third: 2864

✅The gold market is currently in a technical correction cycle. It is recommended that short-term operations focus on short-selling opportunities that rebound to the resistance range of 2920-2930, while closely monitoring the first-line support of 2888-2890.