Once the price of gold rises, it does not hinder the surge of bearish sentiment. Once the price rises, there is a strong sense of rebellion and a desire to climb to the top! This is a common reverse mentality and a lucky mentality in the market. It's not about not shorting, but going against the trend. Our approach is to follow the trend structure and participate accordingly, but it doesn't prevent the market from rebounding, after all, the price has reached a historical high!

Looking back at the market, gold continued to rise at the end of last week, reaching a historical high, fully demonstrating the short-term structural nature of the upward trend in a one-sided form, with a strong bull market rising. The historical price point, so the short-term structural trend is undoubtedly a bull market. According to the current trend structure, the rule of buying up and not buying down in a bull market is that Zhao is also a great opportunity to buy gold, so it is opposite to the bearish voices in the market. So I hope to see this clearly through more practical opportunities!

Returning to the market trend on Monday, gold opened with a pullback. It is normal for the price to remain high and fall back at the same time. The higher the price, the greater the space for a pullback, but it does not hinder the short-term trend structure of a bull market. Therefore, gold is still in a bull market trend, still in an upward trend. A pullback is for better gains. If there is a significant bearish adjustment or pullback, corresponding adjustments will be made in the short term.

According to the previous trend pattern, the pullback and decline in the Asian market is not a true decline, but rather a bearish trend influenced by certain factors. However, the pattern of the European market determines the overall direction of the day. Therefore, in the short term, the opening price of the morning market will retreat, and attention should be paid to the support below. In the future, the European market opportunity will be the focus of the market layout, with a focus on the 2772 and 2766 lines below!

Overall, the intraday gold price is still dominated by opportunities to retrace and stop the decline. The short-term trend structure of the bull market remains unchanged, and while it is not easy to short, it is mainly viewed as a rising trend. Pay attention to the key points 2772/2766 for short-term opportunities below!