This week, amidst the continuous fluctuations, I have been emphasizing that 2635 is the key to the short-term long short turning point. I don't know if you have heard it! If you hold this level, you will fall back and be bullish! If it falls below, switch to short selling and see the adjustment!

So now the market has closed below 2635 in an hour. So when the direction changes, the thinking should also be able to keep up, without subjectivity or obsession. The so-called 'going with the flow' actually means following the objective laws of the market and following up and grasping based on the current form and structure.

So for today's market, we need to focus on two points. It's very important, everyone must listen carefully.

Firstly, although it fell below 2635 in the morning and exited the adjustment pattern for one hour, the long-term bullish trend of the daily line did not change as a result, and the turning point that determines the long-term long short turn of the daily line is still at 2560. That is to say, as long as it is still above the 2560 area, the basic pattern of bullish trend remains unchanged!

In terms of short-term intraday trading, although we have turned short in the current hour, we still need to grasp the timing of entry by combining the top pattern structure of the five minutes! So, before the US market, if there is a pullback in the market and the top is formed in five minutes, you can enter the market to sell out! Note that it can only be short-term!

Secondly, as we all know, there will be non farm data at 9:30 pm. Considering that the market has been oscillating sideways for so long, it is highly likely that non farm data will guide gold in a new direction, and the volatility will not be too small. So everyone should take it seriously. Of course, it is not ruled out that a weak adjustment will be made within the day to free up some space for bulls. Then at night, with the help of data, it will rise strongly again.

So I said, if there is a top signal within five minutes of the day, you can sell short, but only short. If there is no opportunity, then patiently wait for the non farm payroll announcement in the evening before proceeding.

The purpose of trading is to obtain from the market, not to trade for the sake of trading. Only when the market is favorable to us can we make a move, and then the winning rate of trading may increase!