Last week, the gold market completed the final structure of April. Today, the market first reviewed the next month line. At the beginning of April, the market opened at 1971.2 and then fell back to the monthly low of 1948.4. After the final closing line of the monthly line at 1989.7, the monthly line closed with a very long inverted hammer head shape, and after the end of such a monthly line, although the Federal Reserve rate hike process this month, but the US crisis is approaching, do long on the dip is still the operation idea of this month.
On Friday, the market opened at 1987.6 and then rose to 1991.5 and then fell back strongly. The lowest daily line reached 1976 and then the market rose strongly. The highest daily line reached 1995 and then the market was consolidated. After the final daily close at 1989.7, the market closed with a very long lower shadow of the star pattern, and after the end of this pattern, today’s market retrended still more, on the level, 1616 and 1667 and 1670 and 1732 and 1730 and 1885 near the stop loss followed at 1935 hold. Friday 1980 and 1977 long cut after the stop loss is still followed up in 1974 hold, today’s market 1980 more conservative 1977 long stop loss 1974, the target is 1995, break 2001 and 2010-2012. If broken, look above 2021 and 2030.