Gold went long for two consecutive victories yesterday, but rose and fell back in the US market. Gold 2932 went short and fell directly in the middle of the night. However, gold bottomed out and rebounded in the second half of the night, and gold bulls continued to maintain their strong pace. Gold fell back in the morning and bought long.

The 1-hour moving average of gold continues to diverge upwards, and there is still room for gold bulls. Since gold continues to rise after a dip, the dip is only to test the support below, and the dip is just for a better jump. Gold hit a low of 2918 yuan last night, and today it is bullish on dips at 2918 yuan. The gold moving average support has moved up to 2925. Gold can continue to buy long if it retraces to 2925 in the morning session.

The market is constantly changing, and long and short positions in gold happen in an instant. We never engage in dead long or dead short positions. Last night, when the market surged and fell back, the gold bears were better. However, the counterattack of the gold bulls in the second half of the night was also effective, and they regained lost ground. So, the gold bulls started to exert their strength again.

Gold went long for two consecutive victories yesterday, but rose and fell back in the US market. Gold 2932 went short and fell directly in the middle of the night. However, gold bottomed out and rebounded in the second half of the night, and gold bulls continued to maintain their strong pace. Gold fell back in the morning and bought long.

The 1-hour moving average of gold continues to diverge upwards, and there is still room for gold bulls. Since gold continues to rise after a dip, the dip is only to test the support below, and the dip is just for a better jump. Gold hit a low of 2918 yuan last night, and today it is bullish on dips at 2918 yuan. The gold moving average support has moved up to 2925. Gold can continue to buy long if it retraces to 2925 in the morning session.

The market is constantly changing, and long and short positions in gold happen in an instant. We never engage in dead long or dead short positions. Last night, when the market surged and fell back, the gold bears were better. However, the counterattack of the gold bulls in the second half of the night was also effective, and they regained lost ground. So, the gold bulls started to exert their strength again.