Gold bottoming out, rebounding and stabilizing, falling 2850 in the morning session, continue to buy long!
After the easing of risk aversion for gold last night, it hit the bottom. However, the risk aversion sentiment was not fully released, and the rebound from the bottom of gold stabilized again. Gold bulls began to resist tenaciously again, and the trend of gold bulls continued. They continued to buy long after falling back in the morning session.
Although gold fluctuated downwards last night, it has now started to bottom out and rebound again. Gold bulls have experienced a deep V reversal, and gold has continued to go long after falling back. After bottoming out, gold started to maintain around 2850 and then rested before continuing to rise. Therefore, in the morning session, gold will return to 2850 and continue to go long.
The short position in gold is fluctuating, and there is no continuation of the short position. The long position in gold is experiencing a deep V reversal, and there is basically no major pullback in the deep V of gold. This indicates that the long position in gold is relatively strong and has the potential to accelerate its rise.
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