Global panic spreads and sell-offs are expected!Gold price once plunged to $2971.5, then quickly rebounded $84 to a high of $3055, and then fell back to around $3015, which is the expected target of $3035. The rebound was strong after the plunge, but it was still suppressed by two large negative bars on the daily chart. The overall trend was weak, but the European session continued to rise. The current upper resistance is at $3050-3055, and the lower support is at $3020-3015. The operation suggestion is to go long on the callback, supplemented by the rebound.
Operation strategy 1: It is recommended to buy at 3007-3000, stop loss at 2093, and the target is 3030-3050.
Operation strategy 2: It is recommended to sell at 3058-3063, stop loss at 3070, and the target is 3025-3005.