Gold price breaks through a new high of 3500 and enters the key

Gold price hit a new record high of 3500. After reaching this point, it showed obvious pressure and went down to find the 3461 area. This is the largest correction since the rise of 3284 last Thursday.

Today's early trading price also continued to rise and break through the new high, but there was an episode, that is, it first broke through the high of 3444, then fell sharply to 3412, and finally confirmed the strong rise at 3418 to break through the new high, and continued to break through the sprint

Until noon, it sprinted to 3495 and suppressed the decline to find 3473 support, and then pulled up again to sprint to break the high of 3500. This time the decline was relatively strong, falling to the 3461 area

So far, the rising process can be slightly slowed down and enter a wave of adjustment

Accumulate momentum to provide power for the next round of start-up

During the adjustment process, pay attention to the golden section line

This wave from Since the rise from 2970, the largest adjustment squat is 0.382, and now this position is 3417, which is close to the Asian market acceleration starting point 3418. The two together become the stabilizer of the bullish trend: 0.382 position 3417 area

This is the first focus of today. During the adjustment process, pay attention to the position of the golden section line

0.382 position is 3417, close to the acceleration starting point

0.500 position is 3391, close to the 3384 area along the channel line

0.618 position is 3366, close to the four-hour lifeline

The current price space is large and the speed is fast. Articles and analysis are only auxiliary, and are more temporary reminders. Plans cannot keep up with changes. The three key points mentioned above can be kept in mind. If there are price variables during the process, they can also be adjusted accordingly.