Good evening, everyone. Tonight, we will be analyzing the recent movements in gold. After a sustained upward trend, gold has broken below the blue descending channel, indicating a potential shift towards a short-term decline. We may see prices drop to around the 2696 level, which is the lower boundary of the black channel.
With the trigger already pulled, those considering a short position can refer to the following points:
• Take-profit level: 2696 • Stop-loss level: 2731
Given the wider stop-loss range at this point, please exercise caution with your position sizing.
Be mindful of position management and risk control as you approach the market.
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