Beware of gold's highs and falls!GoldOANDA:XAUUSDKevinLucy Gold has been up and down this week, and the shock wash has intensified. It bottomed out and rebounded at 3282, and then steadily rose at the end of the week. It rose slowly to 3368 on Friday and finally closed at 3357. So can gold be seen as strong? Is it possible to reach 3400 next week? From the trend point of view, it is too early to say that it will turn strong. 3400 is an insurmountable barrier. Only by breaking through 3400 can we see that it has stabilized and is strong. If it is suppressed below 3400, the bulls will not be stable and may fall back at any time, so we can only see large-scale fluctuations. Next week, focus on the gains and losses of the 3400 barrier. It is not recommended to buy directly at high levels on Monday. After the weekend market is closed, the market is interrupted, which can easily cause discontinuous rises. Don't feel that it will soar as soon as it rises, and the high point of 3500 seems to be within reach; when it falls, you feel that it will fall sharply, and the 3000 barrier is not a dream. We should stay away from those who say the market is bullish when it rises and bearish when it falls. The direction is not believed because we see it, but seen because we believe it. There will always be a time when you will lose everything if you chase the rise and sell the fall. Moreover, the high point of 3365 has not formed a substantial upward breakthrough and stabilized. We should still focus on the gains and losses of this position on Monday, so we should look at it from two aspects: 1. If the market opens directly upward, pay attention to the pressure of 3370-3372 and go short, and the target is 3350-3340! 2. If the market falls back first at the opening, you can go long around the 3340 line, and the target is above the high point of 3360-3368.