Gold continues to hit new lows today, but the bulls have bottomed out at 1945 in the afternoon, so after a signal of stabilization in the afternoon, it is recommended to go long in 1949. At present, the highest rise in gold is seen in 1957. Continue to pay attention to the 1950 line at night. If it is supported here, the bulls will continue to test 1960 or even the previous high of 1968; if it falls below the 1941 line, there will be new bullish opportunities.
For gold operation, it is recommended to buy at 1951, stop loss at 1947.50, and target 1959~1967.
Gold started to go up in 1945 ahead of schedule today, which means that the bottom line has taken over, and it is not ruled out that the bulls will start up in advance.
There were three waves of adjustments in the downward trend starting from 2081, and there was a signal of bull counterattack from 1924. There are two structures in the later stage: 1. The three-wave adjustment merged into a larger A-wave, which means that the B-wave rebound began from 1924; 2. The adjustment from 2081 to 1924 was only a trimming in the middle of the 5-wave 3 rise, and then it will be tested in the later stage High or even breakthrough. The difference between the two lies in the height of the bulls' rebound, which are currently in the same direction.
The intraday pressure is 1960~1968, and the support is 1951~1947~1941.
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