Gold's bottoming out is still volatile, and the US market is sti

May 24, 2023

In terms of gold, yesterday again bottomed out to test the 1951 line, the US market counter-pumped closing T-shape, and the 1951 position, tested three times, were bounced up, located at the 60-day moving average position, forming a short-term support level. However, in terms of rhythm, the price broke the last rising point in the previous period, and the daily line was overcast, and at the same time broke the short-term moving average rhythm, at least a shock correction, and will not restore the bullish pattern. Therefore, before this point, the bulls cannot enter the safe area, which is not suitable for the planned layout of the middle line long order.
In the short term, the bottoming out, the secondary support of 1951, can only indicate that this position is very supportive. But it does not mean that the fall stops, and this position has also become a watershed, in the break, the aforementioned position is coming.
In today's trend, the white line in the weakness, the highest point is 1985, and the time point of the US market is the key.
This trend has been emphasized to everyone before: close strongly, but do not look at Lianyang, then the European market must not break high, as long as the European market is suppressed below the previous day 1985, the US market will see a second fall.
The pattern is similar to Monday's movement.
That is to say, when the European market is still suppressed in the 1985-1965 range, then the US market looks at the second retracement.
Of course, today if the 1985 pre-high is reversed, directly short, TP: 1960-62
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May 24, 2023

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May 24, 2023

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May 25, 2023

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