Gold was still under pressure and fell back during the day yesterday. After the US market data, gold fell back to the 2906 line under pressure. However, in the second half of the night, under the stimulation of safe haven, gold finally bottomed out and broke through 2930. Gold 2932 directly went long, and gold rose and harvested as scheduled. Gold is now bullish and has continued to fall more in the morning.

The 1-hour moving average of gold has started to diverge upwards with a bullish cross. There is still room for gold to rise, and the bullish space for gold is open. The early decline of gold still continues to be more, and the rebound of gold on the box still continues to be bullish. The short-term resistance of gold at 2930 has shifted from resistance to support, and the early decline of gold at 2930 supports buying on dips. The rise of gold should focus on the suppression of the historical high of 2956 above. Only when gold breaks through the resistance of the high point can it further rise.

The market always erupts unconsciously, and that's what makes it full of charm. The market is constantly changing, and opportunities are fleeting. On the premise of good protection, seizing opportunities is the key to success, and the market is the only criterion for testing strength. In this market, no one is a perennial winner. The important thing is not to be complacent. Friends who are familiar with us know that we never engage in dead long positions or dead short positions, but only take advantage of the situation and slide.

Morning trading strategy:

Buy gold 2930 long, stop loss 2920. Target 2950-2960;

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.