3.3 Will gold fall next week?

The gold price shows certain bearish signals at the daily, 4-hour and 1-hour levels, but there are also some potential rebound risks. The daily level shows obvious bearish signals. The gold price has fallen below the short-term moving average and the middle track of the Bollinger Band, and the moving average and the middle track of the Bollinger Band have turned downward, forming a suppression. The MACD indicator shows a dead cross and runs downward, and the RSI indicator also shows sufficient downward momentum, indicating that the short-selling force is strong.

Although the overall trend is bearish, the Bollinger Bands have begun to close as a whole, which means that market volatility may decrease, and the gold price may rebound or fluctuate to a certain extent. Therefore, although the daily level is bearish, it is necessary to be vigilant about the action of gold prices rushing up and testing resistance at high levels.

The 4-hour level also shows a bearish signal. Although the gold price rebounded from the low of 2832, it is still running below the middle track of the Bollinger Band and the short-term 10-day moving average, and the short-term moving average extends downward to the 2866-2888 area, forming a suppression. The overall downward force of the Bollinger Bands has intensified, indicating that the short-selling force is still strong.
The fast line of the MACD indicator has begun to turn upward, and the RSI indicator shows a certain upward potential above the 30 axis, which means that the gold price may rebound in the short term. Therefore, although the 4-hour level is bearish overall, we need to be alert to the re-downward trend after the short-term correction.

The 1-hour moving average shows a bearish arrangement, the MACD indicator forms a golden cross underwater, and the red column is large, indicating that the short-selling force has not yet completely turned. As long as the rebound is not large, the gold price still has room to fall.

Key resistance: Near 2877 is the key resistance level at the 1-hour level. If the gold price is under pressure below 2877, the bearish trend may continue. But if the gold price breaks through 2880 strongly, it may be necessary to adjust the thinking and be alert to the reversal of the bearish trend.

Summary
Daily level: overall bearish, but be alert to the rebound from highs.

4-hour level: It may go down again after a short-term correction, but pay attention to the rebound signals of MACD and RSI.
1-hour level: The bearish trend has not turned, the key resistance is around 2877, and it is necessary to adjust the thinking if it breaks through 2880.

Operational suggestions
Short strategy: When under pressure below 2877, you can consider continuing to short, with the target looking at the low point of 2832 or even lower.

Long strategy: If the gold price breaks through 2880 strongly, you need to be alert to the reversal of the bearish trend, and you can consider adjusting your thinking and looking for long opportunities.

Overall, the gold price is still biased towards the short side in the short term, but it is necessary to pay close attention to the breakthrough of key resistance levels, as well as the rebound signals of MACD and RSI indicators, and adjust the trading strategy in time.