Gold shocks bottom and is expected to return to bulls

Gold technical analysis: Yesterday's gold market trend was highly consistent with our expectations. We emphasized the change in the rhythm of long and short, and believed that there is a possibility of rising after the decline. In fact, after the second rise, the price of gold failed to break through the high of 2331 for the time being, and finally closed around 2322.

According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, we always believe that the bullish trend of gold has not changed until it fails to effectively break through 2250. Therefore, we will continue to focus on gold's upside potential in Wednesday's trading. According to trend strength analysis, gold may take this opportunity to rebound and close higher, rising further to the moving average suppression point near 2354/2360, or even higher.

It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.