After gold fell below 1970 last week, it was relatively volatile and weak, but before it fell below 1935, it still kept the long trend unchanged. Overall, gold is still in a long state of shock. Therefore, this week will continue to see if gold can fall below 1935, and if it falls below, then look at the sharp drop.As mentioned earlier, gold may have room for a wave of decline at the end of May or early June. Maintain this view and finish reading this week's market.The opening of gold continued the strength of last Friday, rising slightly to 1982, but there is no continuity at the moment, and it still fell back to near 1970. According to the current development of gold, gold's performance at the beginning of this week is expected to continue to rise strongly. The daily cycle's rise will go to the middle Bollinger band near 2002, and the H4 cycle's closing state will go to the upper Bollinger band near 1995. Therefore, there is still effective room above, and trading at the beginning of the week remains low and bullish. The idea remains unchanged.There have been changes in the small cycle, and there may be no room for continuous gains in the early trading. The lower support is near the hourly Bollinger band mid-track 1970/1972. Therefore, even if it is bullish, it will not chase the rise. Short-term trading needs to wait for the 1970/1972 support point to fall back and go long. There is room for slow growth. Look at the 1985 high again, and if you continue to rise, look at the first target point 1995.
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