In terms of gold, yesterday broke the cycle. The daily chart has once again shown a bullish trend, breaking three consecutive highs.

One thing worth noting is time. European time point.

Since morning, it has been emphasized that a weak market must weaken in the European market. If the European market is not weak, it will be difficult for the US market to weaken.

The weaker, the earlier it falls, and the stronger, the later it falls.

So, when the European market breaks high, the US market remains much lower.

Similarly, yesterday it broke through the high before the US market, rose 5-8 points, and then rose and fell back in the US market. In this process, there are two important points:

1. The position of the US stock market retracement has reached the line of 2663, which rose 2618 yesterday.

2. The timing is too late, it's around midnight again, but the advantage is that it will rise within the day and the US market can continue to expand if touched.

This is different from the previous day. If the US market rises and the early morning market falls, it is against the trend, while the trend can amplify the timing.

To briefly summarize yesterday's two technical points:

If the European market is resistant to falling below a high level, then the US market will definitely retreat and buy more twice.

2. In terms of position, both the continued rise level and 2618 have been touched, and the timing is a bit late, but the European market broke through the high, which means buying more in the US market for the second time

In terms of today, the daily trend has turned positive. In fact, today's market situation can be divided into two points:

1. Before the non farm period, there was a slight increase after a sideways trend in the morning, which means that there was basically no participation before the non farm period. Regardless of which direction to go, it is all a game of non farm data.

2. After non farm payroll, this rhythm is heavy, and Wednesday's ADP is important. However, based on Wednesday's ADP, it is lower than expected and slightly bullish on gold compared to last month.

Last month's non farm payroll was 227000 yuan, and this month's forecast is 160000 yuan. Based on recent months' data, it is unlikely that it will be significantly higher than last month's data, and the probability of it still being low is high. This means that it is still a bullish trend for gold.

Of course, if the expected 160000 is higher than last month's 22.7, it will form a bottoming out event. The current trend also requires such a process to be bullish.

So today, to a great extent, we need to do the market trend after data analysis.

1. When it comes to bottoming out and rebounding, pay attention to the double bottom position of the 2661-2 line, and the non farm sector can touch multiple levels.

2. If the data is below 160000, it will directly be bullish, and the US market will definitely chase after the bulls. The resistance level is at the 2692-3 line, which is also a position that can be held short.

3. There are basically no opportunities before data collection.

Non farm farming is based on the current price and the market trend after data analysis.