On Monday, gold saw narrow-range fluctuations in the Asian session; strengthened and surged in the European session; after spiking to a high in the US session, it pulled back somewhat; and the daily chart ultimately closed higher.

Previously, we have kept signaling that the market would mainly range. The short positions entered at intermediate price levels have already been advised to adjust and exit; the short positions at the 61.8% resistance level above were held as planned. They were filled as expected and took profit smoothly.

Overnight, in the early morning, the gold price declined. As we’ve also reminded many times recently, after a decline in the early morning, there is usually an inertia-driven dip during the morning session. We believe many friends have already followed and opened shorts. However, the overall picture still remains one of range trading. The 61.8% support level from the overnight pullback after the rally can also be used to catch low-long opportunities.

With a clear outlook, continue to trade within the range. Around the key 61.8% level, use a double top and double bottom to sell high and buy low, and simply wait patiently for the market to break through and choose a direction. #Gate上线Pre-IPOs #加密市场回升 #美伊停火协议谈判再生变故 #大摩比特币现货ETF上市