Gold opens up callback space as expected

5月1日

Gold finally broke through the rhythm of continuous fluctuations in the morning and ushered in a relatively large correction.

After the cyclical retracement in the morning, a bottom-breaking market was formed. Generally, for a direct decline in the Asian session, we will put the watershed at the opening price, which is the current high point of 3290! But it is not very meaningful to look at this position now. According to the recent rhythm of Asian session decline, weak European session, and rebound in the US session. We can look at the second decline in the European session rebound.

But we should be more cautious in the US session. Especially in the second half of the US session,

Intraday short-term pressure: 3266-70 top and bottom conversion position below: hourly double bottom around 3211-3195 "Observe whether there is a key area for the signal of stopping the decline"

5月1日

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