Gold, continue to circulate and move forward!
Gold, as scheduled, turned positive in a cyclical manner yesterday, which is a sign of respecting history and observing the rhythm from past forms.
A few simple points as well:
1. Watershed 2641. Emphasize that the past 2641 should see 2650-51
2. Emphasis was placed on the timing of the European market, where the European market is strong and the US market continues. After yesterday's typical breakthrough, the market continued to rise before the US market. According to the mnemonic, the market rose from 5-8 points, while the US market saw a rebound. Students who purchased the mnemonic are advised to check for themselves.
3. When looking at the daily chart and seeing a cycle turn positive, this is a fixed pattern. Once you set your sights on an upward trend, may I ask how much?
4.2665 formed a double top retreat again.
Some technical points are unnecessary to discuss and review, they are just execution issues.
As for today, the daily chart is still quite strange. Where is the fault?
According to the daily trend, a consecutive bullish trend is also a cycle. In other words, if we continue to observe the cycle today, it will still be an upward trend and a consecutive bullish trend is also an upward trend.
But according to the current pace and pattern, the pullback will continue, which is somewhat contradictory to the daily cycle.
How do you view today's market situation based on the layout?
According to the mnemonic, if the previous day is sunny, continue to be bullish the next day, and retreat in the morning, then the European market is crucial. The three positions that enter the market at the same time, the low point in the early morning now, will definitely be ranked first. The support is 2642-40. One is the low point in the early morning, and the other is a 50% retracement level+starting point.
2. Whether it can strengthen is very important in the European market, and 2640 cannot be broken. If it breaks, it will be 2633. This point will rise and fall to 618. However, it will be difficult to observe the daily upward cycle until 618. The amplitude is also significant.
So, in terms of operation, there are two details:
The rise in the past two days has been between 5-8 points, which is before the European to American market. According to the daily cycle rhythm, the support level of 2641-2 can be intervened.
2. Watershed 2652. This is the high point of the morning session today, but the continued decline level is between 2655-56. Don't look too much at it today.
The continuity after price breakthrough is not strong enough.
If the price breaks through 2640 and does not rise at this point in time, the US stock market will inevitably weaken, and if it goes to 2618, it will have to withdraw from the US stock market. Remember the time I mentioned.
To trade, first establish trends and operations, then execute, verify right and wrong, and finally make corrections and adjustments, and summarize.
Every day is a cycle like this.
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