Gold fell into a wide range of shocks, but the medium-term bullish pattern has not changed, the current adjustment has not fallen below the key support area 1960 line, gold daily chart shows that gold prices to the range below 2000 range oscillation operation, short-term repair indicators mainly, the medium-term general direction is still bullish. The key support area below the medium term is concentrated in the 1960 area, in the short term, gold runs around the 1990 below the oscillation, the daily level weekly level synchronously shows that the gold price maintains a high level of volatility, which is a typical strong correction, not a peak fall, from a fundamental point of view, there is no factor to support the further decline of gold prices.
Therefore, the main direction of gold's medium-term operation still remains bullish above the 1950-1960 area, and the medium-term is mainly based on bargain hunting, this view has not changed, and once gold adjusts to the range low area, it also means that it is a new bullish layout opportunity. Short-term, the 4-hour level shows a volatile downward pattern, the lower support area is concentrated in the 1960 area, not necessarily falling to 1950, gold prices reach around 1960, can be regarded as long opportunities,