The gold bulls began to rebound within the day after the early falling warp support in the early stage of gold's decline yesterday. As the momentum of the bulls in the general direction has not been released, they will continue to maintain a low-multiple bullish thinking at night and wait to step back on the low-multiple. For gold operation, it is recommended to buy in 1952, risk control in 1948, and target 1961~1966.
Gold is bullish for several reasons:
1. Gold fell back within the high-level shock range, but the bullish trend has not yet undergone substantial changes.
2. According to my personal analysis, the bulls temporarily gave up their offensive yesterday to form a retracement. At present, as long as they do not fall below the bottom of the range before 1934.30, they will be regarded as an adjustment of 5 waves and 4.
3. The intraday pressure is 1961~1966, and the support is 1952~1948.
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
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