technical aspect Daily level: shock; short-term moving averages are intertwined, MACD is glued together, and the short-term trend lacks a clear direction. In view of the KDJ dead cross running, the negative signal of the big negative line last Monday is still there, and the gold price is also suppressed by the 55-day moving average, and it breaks through the 55-day moving average. Before the moving average of 2663.53, the market outlook is slightly biased toward a downward swing. Initial support refers to the 2620 mark near last Friday's low of 2620.83, and last Tuesday's low support is near 2605.13; the 38.2% retracement level of the 2286-2790 rally is supported near 2598.10; for stronger support, refer to the 100-day moving average of 2576.92 nearby. The initial resistance above refers to the 10-day moving average near 2649.19, and the key resistance refers to the 55-day moving average. If it can stand firmly above this position, it is expected to boost the morale of the bulls. 4-hour level: shock, the Bollinger Bands track is running close to horizontal, pay attention to the breakthrough of the range, the current Bollinger Bands range is in the 2620.46-2664.46 area. Since MACD is slightly dead-crossed and is a green column, the previous rebound of gold price near the lower Bollinger Band has been suppressed by the middle Bollinger Band. In the short term, it may once again test the support near the lower Bollinger Band 2620.46. If it breaks this support , it may open a new downward channel, which may fall to the previous low near 2536.68, and the price is also expected to reach around 2632. In addition, the shape seems a bit similar to a descending triangle, so we need to be vigilant. However, it is close to being destroyed. Given that KDJ has a golden cross trend, if the gold price can stand above the middle rail of the Bollinger Band at 2642.44, you need to be wary of the possibility of gold prices further testing the upper rail resistance of the Bollinger Band.