On Thursday, gold broke through strongly and opened at a low point. It continued to exert strength in a sideways trend until closing at a high of 2660. The biggest adjustment during the trading session was the drop of 2646-2636 before the US market. I once again laid out a strategy to win, and it continued to be strong. Following the layout on Thursday, breaking through 2640 is the world of bulls. The price will test the 2700 framework without any problems. Today's trading still needs to be patient and buy long.

On Friday, trading remained bullish, with upward momentum visible at the 2690-70 level on the power grid. A sustained market trend requires waiting for a buy. According to the strong market trend, 2652 is the low point in the early morning. If the price is strong enough, only by choosing a strong buy will there be a chance. The key gain and loss point for a retracement is given to the 2636 level. If the market wants to reach a new high, it can only see the 2690 level around 2652. A retracement to 2636 will stabilize. The market is fluctuating at a high level, and strong market trends are not accepted. A significant retracement is necessary. We have repeatedly mentioned this viewpoint, and trading requires some small skills to be stable.

If you step back on the market and break the 2636 level, it will be difficult to trade long positions, and the market will have a high probability of falling below the level. Should you wait and see, or should you wait and see? It is not easy to go back and forth too much. Today, all you need to do is maintain one viewpoint and wait long.

Gold above 2652 sees new high, buy long, key gain/loss point I 2636

It's not easy to trade below 2636, just wait and see.

Disclaimer: The above analysis only represents personal opinions. Based on this, the profit and loss are at your own risk. Investment carries risks, and caution is required when entering the market