Interpretation of the news: The opening of international spot gold continued yesterday's rebound and started to run strongly. The U.S. dollar index and U.S. bond yields also remained strong at the opening, which did not put significant pressure on the gold price because both hit the resistance position of the rebound. If not, If it can break through and remain stable, it will tend to fall back when encountering resistance, which will boost the demand for gold prices. Otherwise, it will limit the bullish momentum of gold prices. However, the market is waiting for this week's major events and speeches, and the trend will still start with a volatile market. Lord. On the whole, although the U.S. dollar index rebounded on the daily chart and broke through the mid-rail resistance, it is still at the downward trend line pressure position, and there will be some resistance and decline or market fluctuations.
Gold is currently in a shock callback stage and has been tested near 2150 many times, and the rebound high point is gradually moving downwards, which may indicate that gold is about to fall below this key point. Once it successfully falls below 2150, the intensity of the correction may intensify, which will further confirm gold's peak signal, and the short forces may launch a powerful counterattack. The golden four-hour line is also an obvious head-and-shoulders top shape, and the high points are constantly falling. The slope shows a downward trend. The K-line is in a suppressed situation throughout the whole process. Even if it rebounds, the big negative line directly covers the downward trend. A big negative line directly hits The rebound across three positive lines is a strong downward trend, and the moving average is obviously moving downward, with almost no signs of turning around.
Judging from the one-hour chart, gold prices are still in a downward trend, but have not yet fallen below the $2,146 support level. Short holders cannot be blindly optimistic. Next, focus on the upper resistance level of $2,163 and the lower support level of $2,146. If the price breaks $2,163, the next resistance is near $2,172. If the price falls below $2,146, the next support is near $2,135. However, there is currently no major news release, and gold will most likely fall below $2,146 and then continue to fall.
Gold is currently in a shock callback stage and has been tested near 2150 many times, and the rebound high point is gradually moving downwards, which may indicate that gold is about to fall below this key point. Once it successfully falls below 2150, the intensity of the correction may intensify, which will further confirm gold's peak signal, and the short forces may launch a powerful counterattack. The golden four-hour line is also an obvious head-and-shoulders top shape, and the high points are constantly falling. The slope shows a downward trend. The K-line is in a suppressed situation throughout the whole process. Even if it rebounds, the big negative line directly covers the downward trend. A big negative line directly hits The rebound across three positive lines is a strong downward trend, and the moving average is obviously moving downward, with almost no signs of turning around.
Judging from the one-hour chart, gold prices are still in a downward trend, but have not yet fallen below the $2,146 support level. Short holders cannot be blindly optimistic. Next, focus on the upper resistance level of $2,163 and the lower support level of $2,146. If the price breaks $2,163, the next resistance is near $2,172. If the price falls below $2,146, the next support is near $2,135. However, there is currently no major news release, and gold will most likely fall below $2,146 and then continue to fall.