This wave of gold bulls is super strong, and the retracement of three big steps is also two big steps. Even a simple technical retracement is as high as 20 points. The bulls will never look back until they kill the shorts. The current maximum has reached around 2288. Judging from the closing line of the daily line yesterday, 2288 is not the top, and the big rise does not mean the top. Yesterday, we planned to make a 20-point adjustment to short 2255, but we were swept out. 2254 backhandedly took the long position, and we will not consider catching the retracement today. Yes, follow the bulls today to find opportunities for long orders. Basically everything supports gold bulls, and it will be difficult to end gold bulls in the short term.
The support is near 2265, and the stronger support is around 2250. Today's market is strong unless it breaks 2251, and it is impossible to change the short-term bull trend. Yesterday, there was a small retracement at the hourly level, but it was quickly won by the bulls. The bulls are far away. It is far stronger than the strength of the short sellers. The opportunity for gold to step back today is the opportunity to go long.
The support is near 2265, and the stronger support is around 2250. Today's market is strong unless it breaks 2251, and it is impossible to change the short-term bull trend. Yesterday, there was a small retracement at the hourly level, but it was quickly won by the bulls. The bulls are far away. It is far stronger than the strength of the short sellers. The opportunity for gold to step back today is the opportunity to go long.
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Plan your trade, trade your plan, gold bulls have reached a certain stage, and if gold peaks, the decline will be considerable. We will wait and see whether the non-agricultural sector will see a change.
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Following the trend, the low and long positions are bullish. There is no suitable entry position in the Asian market, and the focus is on the European market. Below, focus on the morning low of 2302-2306 range, and other positions will be arranged accordingly.
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Today it has fallen back more than 20 points from 2353, but in the current trend, do not arbitrarily believe that there is a top. In trading, it is better to focus on lows and longs. Rely on the first wave high point of 2353 to participate in defense. It is not that you cannot go short in the recent market. Short selling can only rely on the previous high as a defense. Once the high is broken, just give up all short orders. Do not forcefully add short positions!
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