Gold market trend analysisGold has a lot of room to fall, but it has not changed the current bullish trend. It is still possible to rise after adjustment. In fact, gold rebounded after a sharp drop and hit the high point of 3135 again, which reflects the absolute bullishness of gold. At present, gold closed at around 3110. Obviously, after a big rise and fall, gold will most likely adjust and enter a shock range. The temporary effective range is between 3055-3135. If there is no big fluctuation, you can refer to the 1H cycle range for high-short and low-long trading. However, if there are too many small-cycle adjustments, the space below may not be so small. There is also support at 3035 below and a relative high at 3135 above. Therefore, the market still depends on the range adjustment. It is recommended to sell high and buy low in terms of operation. Pay attention to the resistance of 3035-3150 above and the support of 3065-3055 below.
