Gold bottoming out is not a reversal

Technical analysis of gold: From the daily chart of gold, the price of gold fluctuated yesterday, and a cross star candlestick pattern was recorded. The price rebound failed to effectively stabilize at a high level, causing the MACD indicator to fail to change the golden cross. At this stage, the price of gold has a tendency to fall again. The MA5 moving average began to turn downward. You can pay attention to whether the moving average has formed effective pressure. After the gold price rebounded yesterday and continued to be under pressure at the 2915 line, it started to pull back in the early morning and fell below the recent oscillation range. In the morning trading today, gold hit the lowest level of 2880 and then rebounded randomly again. The short-term trend is extremely repetitive. Although it has broken through the oscillation range, it does not necessarily form a unilateral market. From the 4-hour chart, the gold price fell below the key support, but it did not continue the decline today, but directly rebounded again to touch around 2910. It fell yesterday. If the decline continues in the morning trading today, it means that the short position has continuity. Today, it did not fall below the new low and rebounded again, indicating that the market is not extremely weak, but is still dominated by the oscillation pattern, but just changed the range. Therefore, the current decline is not considered extremely weak, nor is it a continuous trend of decline.
With the current trend, the gold price rebounded first in the morning. It is highly unlikely to fall below a new low in the morning session today, but it does not mean that 2880 will not be broken. We have seen that the recent market trend is extremely repetitive and slow. Yesterday, it fell and broke through the shock range, and also broke through the key support area of ​​2900-2890. This means that after the short-term shock, the support of the gold price has been lost. Although it may not fall sharply, the center of gravity has moved downward. In the short term, the gold price may still fluctuate downward to find new support. Therefore, from this point of view, the gold price is likely to be suppressed at 2930 for a period of time, and start a shock correction, rather than a unilateral decline.
After breaking through the key support yesterday, today's short-term outlook is weak. Although it rebounded strongly in the morning, the focus is on yesterday's starting point, that is, whether the position of 2915, which was under continuous pressure in the early morning, can be maintained. Although it is a volatile pattern, if the key position is maintained, it will fluctuate downward again. Today, the position of 2915 has the same meaning as the previous 2930. Therefore, since the gold price is weak in the short term, it follows the strength and trend. Today, relying on 2915 as the key suppression, it is bearish first. On the whole, the short-term operation strategy for gold today recommends rebounding and shorting as the main strategy, and callbacks and long positions as the auxiliary strategy. The short-term focus on the upper side is the 2915-2918 resistance line, and the short-term focus on the lower side is the 2880-2882 support line. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, and set stop loss strictly.
Strategy 1: When gold rebounds to around 2915-2918, short sell (buy short) in batches, 2/10 of the position, stop loss 8 points, target around 2900-2890, break to 2880