Looking at gold from an hourly perspective, it has declined from the high of 5236, with a low touch at 4966, currently oscillating weakly around 4993. The three moving averages are in bearish alignment, clearly in a downtrend. Although there is a need for a small rebound after short-term oversold conditions, overall bearish momentum remains dominant.
For short-term trading, prioritize a rebound shorting strategy: If price rebounds to the 5015-5025 zone and faces resistance, you can cautiously enter light short positions with a stop loss above 5045, targeting 4980 first, and if broken can conti
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