Gold continues to fall. Will there be a lower point?

Gold is still under pressure at the integer mark of 3400. During the US trading session, the lowest point reached around 3366. For the current trend, it fell below the short-term support area of ​​3375, so the market has the possibility of further downward movement to test the support of 3350.

Today, Iran launched missiles again, but there was no threat to Israel at all, and all the missiles were intercepted. Under the current trend of further decline, the support position that needs to be paid attention to is 3350. At this position, you can try a long strategy, and the early support point of 3400 above has turned into an upward pressure point.

Short-term operation strategy:

Buy near 3350, stop loss 3340, profit range 3380-3390.

Above, you need to pay attention to the important pressure level of 3390-3400. The market changes violently, and you can take profits at the right position. Avoid rapid changes in market conditions and losses.