Gold, keep buying more!
Yesterday, influenced by the Federal Reserve meeting, the market bottomed out and rebounded, but prices did not rise further.
Continuing with the technical points emphasized yesterday:
1. The European market rose the previous day, and the horizontal market was more direct. The European market rose, but the European market did not rise. The US market was out of the top note position, and the US market saw shocks.
Yesterday's trend was that the European market did not break through the high after more, while the US market showed more volatility.
2.2718 position 2644-5. It should be noted that although the European market did not rise, it indicates a high probability of volatility in the US market, and a retracement of 2718 position during the rise still needs to be considered.
The key point here is that the European market is not rising, while the US market is expected to fluctuate.
At the Federal Reserve meeting, gold bottomed out and rebounded, continuing to fall back to the opening line, with a daily cross and a small bearish candlestick. This pattern depends on how you look at it.
Because we have always been bullish, this bottoming out and rebound is a bullish correction. At the same time, the cross K can also be called ignoring K, and today we are looking for continued gains.
The same technique as yesterday, rising in the early morning and sideways in the morning, so the focus is still on the European market.
In other words, continuing is a direct bullish trend. Looking at the European market breaking high, looking at the US market continuing. Above target 2773-5. Strong resistance 2786-88!
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