Yesterday, the overall gold price went through a bottoming-out and rebounding route. The lowest price in the morning fell back to the low point of 2485 on Friday night and then rebounded. The highest price rebounded to 2505 during the US trading session and then fell back. After the short-term bottoming out in the previous two trading days, the daily line formed a double bottom pattern near 2485, and the short-term downward momentum weakened. After opening today, it has been running above 2500. Currently, 2500 is the key long-short watershed. It fell back after touching this point several times yesterday, and never went down after breaking through in the late trading. Today, the European session will first rely on 2500 to open more and look for rebounds, first looking at the 2510-12 line, and then the highest point of the rebound after the non-agricultural data fell on the same day, the 2518-20 line.
For the next operation, it is recommended that gold be long at 2500/2498, and look at 2510, 2520.