Yesterday, the international gold price fell sharply after being blocked by the 30-day moving average near 1694. The main factor is that the market chooses to take profits on the eve of non-farming. The Fed meeting has hinted that the Fed's loose monetary policy may leave early, and the market reaction is fierce.

The international gold price has been suppressed again. At present, the international gold price falls below the moving average, and the daily line shows a downward trend. Estimated fluctuation range is in; Today, the gold price continues to choose to sell mainly on rallies.

The daily chart of the international gold price seems to form a wave of decline, with 1795- 1672 as one wave and 1672- 1754 as the second wave. At present, the third wave begins at1754-the third wave should be the current adjustment, and the third wave is 3-4.

Next, complete 3-5 waves. Once this downward wave is completed, the international gold price will rise again 1600 or even go downhill 1600. In the short to medium term, the international gold price is in a weak downward trend.