Gold rose strongly yesterday, but broke through and fell in the US market. Gold began to reverse its position and won four consecutive victories in the US market. This is also what we started saying yesterday afternoon. Gold is bullish, but we should also pay attention to this crazy rise. If it reverses at a high level, the market will also be crazy. Gold has directly completed a decline of 3500-3312 in a short period of time. The daily gold line is under high pressure, and the early rebound continues to be bearish.

The safe haven sentiment of gold has eased, and gold has directly fallen. In the morning session, gold jumped short and opened low. After filling the gap, if gold cannot continue to rise, then gold bears will continue to exert force. The current gap resistance of gold is at the 3382 level, but the market is volatile. If the gap is filled, gold may still have momentum to recover in the short term. Therefore, we can pay attention to the suppression of the 3400 level. In the morning session, the rebound of gold was initially bearish.

The market is constantly changing, and the market is not suitable for a narrow-minded mindset. Don't stick to one path and don't be stubborn all the time. The trading market is not dry, and trading is more suitable for passionate wanderers. The market's monopoly on various aspects is not satisfactory. Since it cannot change the market, what we need to do is to comply with the laws of the market. Under the stimulation of news, gold is experiencing ups and downs, so it is necessary to adjust our thinking in a timely manner according to the market.

Morning trading strategy:

Short selling of gold 3400, stop loss 3410. Target 3360-3350;

Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.