This week, gold has experienced a rollercoaster ride repeatedly. After rebounding in the Asian session on Monday, it fell sharply to $2615 and pulled up to around $2640 in the late session. Yesterday, it left: the Asian session rose, the European session continued, and the pullback before the US session was a bearish trend, with more buying at lower levels.

Here, for the mnemonic used in yesterday's trading session, it should be noted that a pullback before the US session is a bearish call, not a pullback after the US session. Many people may have a misconception that the European session broke through the high point of the Asian session, and the US session before 2651 fell back to 2648 to complete the top bottom transition. This is a bearish call, and then pulled from 2648 to $2664.

And if the stock suddenly crashes after 22:00 in the US market, the pullback here is not a trap. It is important to understand the timing of the trading strategy. The key to deciding whether to go long before the US market is the strength of the European market. If the European market becomes strong and breaks through the high point of the Asian market, it is necessary to enter the market before the US market. If it is not done before the US market, then it will not be in line with the trading strategy to come back after the US market.

In 4 hours, the overall trend of gold prices is not a strong one-sided trend, but mainly a roller coaster oscillation. The key to this market situation depends on the strength of the European market. After rising last night, it suddenly plunged and fell. Today's focus is on the pressure point at 2658, and after falling, it depends on the strength of the European market. If it weakens in the afternoon, the US market will experience repeated washouts after falling.

Today, I believe that the overall range is mainly oscillating between 2630-2660. After rebounding from the current position, attention should be paid to the pressure of 2656-58. Breaking down to 2640 is a slow downward trend, and then quickly bottoming out in the US market before pulling back in the middle of the night. The remaining positions below may be around 2625, while the empty positions above are around 2658, and the rest will be repeatedly washed back and forth.