Gold made huge profits after falling short, 3100 may breakGold fell back under pressure at 3150, testing the 3100 mark, breaking the previous trend line that had been rising for several days. The market gradually slowed down from strong bulls, and the daily line turned negative for correction. Don't expect the market to turn to short and fall sharply when it reaches here. The long-short conversion needs time to brew, and it is still a bullish trend now, so the probability of forming a volatile trend here is relatively high, with a range of 3138-3100. Only when it breaks below 3100 can we see the market turning to short. If the daily line is just a single negative correction, it will not change the overall upward trend. It depends on whether it can continue to close negative. The previous trend line support broke and turned into a pressure line, which basically coincides with the 3135-3138 line of pressure. If the decline weakens, then the third test of 3100 may break. If it continues to strengthen and break through 3138, it will also hit the high point of 3148-3149.
