The recent fluctuations in gold prices are mainly due to the market reaching a stage where two major cycles are in conflict, with class resistance at the top and strong support at the bottom. The perfect layout is to operate at the edge of resistance and support. Once there is a second layout idea, it will enter a passive stage. Therefore, it is still necessary to observe more and move less at this time.

Today's gold price trend tends to see a decline, why do we say that;

Firstly, although the market experienced a bottoming out and rebound yesterday, it did not maintain a strong closing, but instead emerged from a decline consistent with yesterday's early morning,

Secondly, the early morning pullback and early morning decline can indicate that the market has a certain trend

Thirdly, after the decline, the market confirmed the fact of short-term highs

If you want to see a pullback, what position do you need to consider to go empty?

You can pay attention to the short-term small transition around 2909-07, where the morning high is the boundary between the short-term defensive level and the long short position.

The overall price cannot break below 2913-14. Breaking below indicates that it is still a large-scale fluctuation.

Considering the recent lack of continuity, we can wait until after the afternoon. If the afternoon session continues to suppress below 2908, we can consider going short directly.

Therefore, today can be divided into two steps: aggressively refer to the small rebound of 2908 to go short first, break 2914 to do stop loss, and conservatively wait and see in the morning, observe the performance before the afternoon session, and continue to remain weak before participating.

Watch more and act less, reduce the frequency of operations, and participate in the market within your understanding!