Gold: Since last Friday's close at 2390, it has maintained a slow decline on Monday, and the market has repeatedly given signals to go long. No one is a god, and anyone who goes long will suffer heavy losses. Looking back at yesterday's market, the early session dropped from 2332 to a low of 2295, then rebounded to 2315. After the European session opened, the market tested a new low of 2291 again. Just when everyone thought the trend was downward, the U.S. session saw another rally to a high of 2332. The market's repeated fluctuations made it indeed difficult to trade. Yesterday's late session also tested 2315, and this morning's opening tested the 2315 level twice. Currently, the market is hovering around 2328. From a technical perspective, today's focus should be on whether 2315 holds. As long as this level is not broken, Eddie Wu suggests trying to go long at 2320-2315 first, with a stop loss below 2313. The target is first set at 2332-2340 and 2350.

Recently, central banks around the world have been hoarding gold as a hedge, including JP Morgan, which is shorting gold. The market is actually full of unlimited risks. Whether individual traders or institutions, everyone wants to achieve something in the gold market. While JP Morgan is shorting gold, central banks continue to buy gold and go long. Whether gold will rise in the future is something many are eagerly anticipating. The next decade will also be extremely unstable. In the past, when the Fed raised interest rates, the dollar would rise and gold would fall. But since last year and this year, it's been different. Central banks buying gold have caused gold prices to rise instead of fall. In the face of inflation, gold will always be the most valuable. Everyone is starting to worry about a crisis of confidence in the dollar. At its core, gold is a game between nations.

Returning to today's market, Wednesday's session is expected to rebound slightly for a correction and won't fall so easily. For the long term, the overall trend has already turned bearish. This round's defense will first see if the 2291 level is broken again. As long as it isn't, you can rely on the low to go long. Today, maintain a range-bound operation, with the reference range of 2350-2291 for buying low and selling high. Before the European session, if the market reaches 2320-2315, you can try a short-term long position first, with a stop loss below 2313, targeting 2332-2340 and 2350. If 2313 is broken, then look for a high to go short, targeting 2291-2280. So today, as long as 2313 isn't broken, go long first targeting 2335-2355.