In terms of gold, it's hard to describe yesterday. Everything seems to fit, but it's not going smoothly.

1. The daily chart shows a continuous bearish retracement, forming a cycle.

After Friday's sharp decline, it rebounded early yesterday morning. According to the mnemonic for continued decline, reaching the top bottom transition level at position 382 is definitely going to be empty.

So, in the afternoon, it was still bearish, but the price fell slightly by 2648-50 for the first time, forming a bottoming out in the European market.

3.2630-31. In the morning, it was emphasized that this was the support of the early low point, and also the rise and retreat of 50% position. The market could fluctuate, and the layout could be arranged, but the decline continued, and the effort was taken back, and the US top note position was out.

In mnemonic trading, if the European market breaks through the bottom and the US market rebounds within the first 5-8 points, then the US market can be double short. It is better to miss the 618 position than to let it go. This position is at 2640, and the watershed is at the morning high of 2647. This forms a piercing decline. In mnemonic trading, if this point is not wrong, it depends on the stop loss setting.

If you break through the morning high and walk in a V-shape, then the US market must be looking for volatility.

In the midst of volatility, the intraday rise and retreat of 618 remain the key support, with the low point being a watershed. However, the US market has broken through the bottom and rebounded, forming a second bullish trend.

In terms of rhythm, several of the mnemonics have appeared and participated, whether it is rising and falling, or bottoming out and rebounding, they happen to be trapped in the oscillation.

So today, the daily chart follows a continuous cycle of negative to positive. If the consecutive yin has been completed, then today we must look at the cycle of turning positive.

And here are three points to note:

1. Early morning pullback, morning pullback still focuses on the 618 position, but there is no pullback in the morning resistance.

2. Watershed 2648-9. Yesterday's high, breaking through the bullish trend and continuing.

3. In the morning, there was a slight sideways movement, which was quite awkward. Going back and breaking through the low point in the early morning is definitely a shock. And looking at a cyclical upward trend on the daily chart means looking at the strength of the European market. If the European market breaks through the bottom, it will be difficult to strengthen.

So, in terms of participation, it's awkward. Either actively participate in long positions, or it's about the US market.

Of course, according to the daily cycle rhythm, today we will see a cyclical bullish trend.

Two operational suggestions:

1. Not aggressive in the morning, focus on 2641. Effective breakthrough in the afternoon, high in the European market, loss below 2633, above 2650-51 line. Breaking the daily level of 2650, the US market continues to be bullish Continue to watch the daily cycle of positive closing.

2. However, if the intraday momentum is not enough, the European market will fall below 2632. The lower support line is 2625, and 618 coincides with the second lowest point, which is the bullish position.

Anyway, today's daily chart is based on a cyclical bullish trend.