Will gold fall by 2300?

As for gold, the US market retreated after yesterday's new high of 2450, bottomed out and rebounded, and the daily line closed in a cross.

There are several technical points:

1. Today, it directly rose and broke the high, forming a watershed morning low of 2408. This extremely strong market must be a bet on the rise of the European market.

On the one hand, if there is no buying in the European market, the price is still at 2408, then the second retreat in the European market is also a buy, this position is the 382 position 2433-2434 line, which is also a bet on the second rise, and the price reaches 2447.

2. Then it rebounded and fell, and the hourly line retreated again near the US market. Usually in this market, we still think that the US market is more than twice, the European market breaks the high, rises before the US market, and the US market buys twice, and continues to rise. In terms of position, it will be stuck at the bottom of the hourly line big positive line or 618 position, which is also 2425, and 2420. But the US market had a large room for decline yesterday

3. The watershed 2416 was broken. According to this point, the market will rise later, but we will not buy. On the one hand, we hope that the stronger the buy, the better, not the more retracements.

Most people hope that the more retracements, the smaller the risk of buying, and the greater the profit of buying later, but they forget that the more retracements, the smaller the momentum of rising. When the 2416 watershed is broken, it means that the high will not be broken on that day.

4. The daily line is in a continuous positive cycle. This is the key to the future long position and the positive cycle. After all, the market is breaking the high and the high, after all, the market is in a continuous positive cycle, so this decline, no matter what, must rebound and rise.

The US market rebounded to 2437 at 618, forming a sideways market. Today, the Asian market fell for the second time.

In fact, there is a point here. According to the daily line pattern, today's cycle closed negative.

This shows that the Asian market can be sold once, but this decline is not the beginning of a double top, which is a bit regrettable.

For today, continue to look at the cycle: turn negative.

But this negative turn is not selling, but buying the correction trend of rising, giving a better buying position.

So, don't rush to buy. The current market is a typical oscillating rise, not a very strong rise. The price has not been continuous, so it is easy to come back.
And today's Asian market fell:

1. The upper watershed 2433 line is formed. If it breaks through, it will continue to rise.

2. The daily cycle still has signs of falling. Yesterday's decline was large. Today's Asian market continued to fall, so there is no need to buy in the European market.

3. The top and bottom conversion position is 2427-2430. It is more aggressive to sell. Breaking the watershed 2433 is limited to intraday, below TP2410.

4. The position considered for buying today is 2395-2400. If this position is given, the probability of weakness today is very high. Therefore, this buying position is temporarily valid, waiting for the opening of the US market for new analysis.

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