The daily line has seen a three-day decline as expected. Although today's situation is due to the outbreak of conflict in the Middle East, it does not affect the rhythm of the market; it has only accelerated the pace. In the morning, the market reached 2000 points, followed by a light position to chase another 1000 points, precisely controlling this wave of market movement.

Why did the price drop immediately upon the outbreak of conflict? It is because of urgent risk aversion, as everyone rushes to gold. When capital flows out, it is inevitable that prices will go down. Back to the main topic, the impact of the fundamentals will be digested and does not indicate weakness in the structural trend, which often leads to poor continuity and is easy to reverse. However, since it is already a weak rhythm, there will be a pullback, but not too much. The support level is at 102300, so one can consider trading around this position.

Consider trading around 102500 to 103000, and watch 105000 to 105500.