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XAUUSD:Gold once again shows the signal of the main bulls to ent

Short
FX:XAUUSD   Gold Spot / U.S. Dollar

Through the analysis of the gold hourly chart, we know that gold has rebounded from the market so far, but the rebound space is limited. The reason why we think that the rebound space is limited. We can clearly see from the attached picture above that the main force of the bulls has always been Running in a weak area does not constitute a reversal. The main force of bulls has not yet controlled the market.

However, it is not ruled out that a further rebound due to the impact of the data news will reach the position of the upper pressure zone. Relatively speaking, there will be a wave of callbacks at that time. Although there have been signs of a Jedi counterattack, I personally think that the main force of the bulls should continue to shock and adjust to take time The method of changing space is to prepare for the further breakthrough in the later stage. In the short term, we will continue to use the high-altitude and low-many thinking first. For specific suggestions, please refer to the point participation in the previous research report.
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