Gold is not a bullish trend, but it has not yet formed a breakthrough. Gold is still oscillating within a large range. Since it is still oscillating, the rebound at high levels will continue to be bearish.

The 1-hour moving average of gold is starting to turn, so the bullish momentum of gold is temporarily insufficient. Gold will continue to find high points and short positions when it oscillates high. Gold will continue to rise near 2930 on Friday and fall back under pressure. Therefore, if gold rebounds below 2930 in the morning session, it will continue to hit high positions. The recent trend of gold is to quickly fall back after rising, and do not chase after the rise without forming an effective breakthrough.

Gold is still oscillating in the box, and you can choose to sell high and buy low in terms of operation. However, the bullish momentum is still slightly insufficient, so it is still better to choose high altitude first. If gold breaks through the box oscillation range, then follow up accordingly.

The market is constantly changing, and the market is not suitable for a narrow-minded mindset. Don't stick to one path and don't be stubborn all the time. The trading market is not dry, and trading is more suitable for passionate wanderers. The market's monopoly on various aspects is not satisfactory. Since it cannot change the market, what we need to do is to comply with the laws of the market. Without experiencing wind and rain, how can we see a rainbow? No one can succeed easily, only by working harder. Would you be willing to walk with me? No matter the wind or rain, I am willing to hold up an umbrella for you to shelter from the wind and rain.

Morning trading strategy:

Sell gold 2925 short, stop loss 2935. Target 2900-2905;

Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.