High pressure small gold range shock accumulation sprint

Yesterday, gold was affected by the data and hit the lowest point of 63 in the US market. Then it began to bottom out and rebound. As of now, it has reached the highest point near 22 again. The upward movement in the morning, the sideways movement in the European market is the biggest driving force for the bulls. The US market still has room to continue to attack, and the first target above is maintained at the high point of 30 at the second upward retracement. This position can also be used as a head and shoulders top pattern in the later stage. After all, it has been in a strong position since the upward movement. It is precisely because the bulls are aimlessly moving upward that the market has a strong sense of fear. Both the long and short positions are on the verge of danger. The market is still bullish, but for those who are afraid of heights, it still takes great courage to continue to buy at the current price. The support below is maintained near the retracement low of 09-08 in the European session, which is also near the previous high point. However, the current market is somewhat incredible and may be swept. In the evening, we will first short around 2930-31, with the target around 2910-00 and a stop loss of 2938.5.

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