After every pullback, the market is always filled with a pessimistic atmosphere, but what I want to say is:

Small scene, don't panic!!!

Looking back at the past, there have been significant "reversals" at the 2956 and 3167 levels before and after the Qingming Festival. This kind of pullback is already a component of a bull market, and a bullish rise cannot be achieved without the assistance of moderate adjustments. Short term pullbacks are actually accumulating momentum for subsequent increases.

The squat in a bull market is still for a better leap!

Since the collapse of the Bretton Woods system, the price of gold has risen from $35 in 1968 to its current high of $3500, which is exactly 100 times higher. A pullback at this critical juncture is a normal adjustment to the market trend. From the analysis of daily trends, the previous steep upward trend of gold prices led to excessive volume, resulting in insufficient upward momentum for bulls. At this time, it is necessary to withdraw and accumulate strength.

In yesterday's market, we focused on the morning rally, as well as whether an effective stabilization platform could be formed around 6pm and whether 9-10pm could be effectively lifted. Although a support platform of 3443 was formed around 6 o'clock, it broke before 9 o'clock, resulting in the failure of the bullish strategy in the late session. It is not advisable to participate in long positions after 9 o'clock.

In the morning market today, we predict a significant rebound opportunity, and the group also suggests that the 3340 front line is expected to rebound, and the market price has indeed seen a significant increase. However, the wide fluctuations in the morning made it difficult to control the stop loss, so no clear entry layout was made. With the emergence of a rebound, there is a possibility of breaking through the low and hitting the bottom this morning, which is also in line with our prediction last week that this Tuesday and Wednesday will be phased layout nodes.

For long-term investors who have not yet entered the market or have been left behind midway, they can take advantage of this opportunity to make timely arrangements; Short term investors need to operate strictly according to the rhythm. Due to the large volatility and strong randomness of the current market, please pay close attention to the upcoming trading reminders for specific trading strategies.

Investment carries risks, and caution should be exercised when entering the market. The above suggestions are for reference only.