GOLD falls back and long positions remain the general trend

Gold opened at 2912 in Asia, and the lowest touched 2909 to start the oscillating upward mode. Structurally, gold is still rebounding near the support below, and bulls are still the main trend at present. Looking back at last week, each retracement adjustment will usher in a new sprint, and the non-agricultural data did not break the operation range we gave last Friday. I believe that my friends who follow me have seen it. Today, we still focus on the range of 2897-2903 to the upper 2930-35. For the time being, we will treat it as such and retrace and go long.

From the analysis of the 4-hour gold trend, we focus on the support of 2897-2903 below and the suppression of 2930-35 above. In terms of operation, we still focus on retracement and go long. In the short term, we can do some oscillating operations around this range. Once a breakthrough occurs, we will continue to follow up in the later stage. In the middle position, we will watch more and move less, and be cautious in chasing orders, and wait patiently for key points to enter the market.
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