【Wednesday morning mainstream·Market analysis】

Everyone can see the market, it is very limited! The range is so large. Last night, it went around and touched the previous day's high point of 58 and fell, but the current currency price has not opened the counterattack in time, and the current rhythm is to turn to shock and currently maintain near 575.

In the overall bullish and oscillating pattern, shorting cannot have too much expectation. Yesterday's low point was near 565, and it rebounded in the early morning to near the decline since last week's trading day. If this point stands firm, then it is expected to rebound and rise within the day!

Recently, most of the mornings have retreated first, but the longer this cycle lasts, the more unstable it is. It also depends on the strength and form of the early morning pullback. In the early stage, it was a pullback and correction. Today, the double bottom support rebounded, so don't expect too low a retracement space. The lower support can be seen at 56, and the upper pressure is 58.

In summary, the current fundamentals are still not optimistic, the data is not satisfactory, there is no beautiful performance, the market is still in a silent attitude, and the factors affecting the continued rise of gold have not weakened. Even if the shape has fallen back recently, it is difficult to continue to fall. The shape is still fluctuating. Based on the support below, it is expected to rebound upward after retreating to the support point during the day.