In recent days, the gold price has continued to decline, especially starting from 2930 yesterday and falling to 2855 US dollars today. There has been a rebound from 2880-75, but the strength is not enough. It has fallen below the support again, forming a correction trend in the daily chart. This time, the peak has a certain degree of confusion, and after a long period of high volatility, there is a bearish decline. ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍

Now, gold will continue to adjust downwards, with the limit moving towards 2800-2790, forming a large-scale top bottom transition here, which will also become an excellent area for buying stocks. For the intraday market, we will continue to use mnemonic trading as the standard and basis, with Asian market falling, European market continuing, and US market rebounding directly short. Many friends who have learned mnemonic trading got into the US market yesterday and went short. ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍

For a continuous weak bearish market that lasts for 4 hours, do not speculate on the bottom when trading on the right side. Adjust your thinking in a timely manner to keep up with the pace, especially after breaking through the previous oscillation range and before a certain bottom appears. You can postpone the trading time to before the US market, that is, the fundamental formula for trading the market before the US market, or the Asian market in the morning, such as the weak bottom of the previous day closing in the middle, and the early morning pressure can still be empty. The European market is mainly for observation. ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍

Today, with 2885 as the long short boundary point, we are looking for opportunities for a rebound in bearish gold. Below, we will follow 2850-2835-2830. The daily chart has opened a temporary adjustment window, unless we confirm a second rebound after hitting the previous high and then go long, we will follow the bearish trend.