We still have to think about this problem over and over again. At what stage is the current gold market?
It peaked in mid-April 1365, and the market began to be short, breaking the high position for 3-4 months. After effectively falling below 1306- 1308, the mid-term weakness is declared dominant.
It has fallen for more than three months, with a drop of 154 USD.
2. Recently, a wave of short positions fell from 1309 to 1238, and then 1238 made a rebound correction for the first time at a historical key point, and then fell back from 1238 to 1266.
Especially in the typical short-term acceleration stage last week, after breaking through the support level of 1238- 1236, the market quickly fell in volume.
3. After experiencing the first bottoming rebound and accelerating the downward trend, even if you can't guess the bottom, you should prevent the rebound at the daily level.
Therefore, we define the current gold market as the relative exhaustion stage of bears, and the bulls have no obvious reversal signal. That is, this week repeatedly mentioned the prevention of low-level repeated dishwashing.
The above are reproduced views, for reference only!
The above also proves the difficulty of futures. At the heyday of the financial industry, many investors wanted to do futures, but when you learn to do futures, investors who have done stocks have made profits or losses many times, and the operation will be more convenient and impressive in the future. The probability of profit is much higher than the probability of loss, and investors who do futures have just begun to take the first step;