The gold daily line level fluctuates; last week, the gold price was blocked from rising, and failed to effectively break through the high point resistance since May 18, the upper Bollinger line and the 50% retracement of the 2079-1892 decline near the resistance near 1985.98, and then the shock fell back. There is also some support around the 55-day moving average of 1954.44 and last Monday's low of 1945.67. Since the MACD golden cross signal is still there, the 10-day moving average still provides support for the price of gold. If it can rise back above the 5-day moving average of 1969.35, the short-term downside risk will be slightly weakened; further resistance refers to the 1980 mark, and strong resistance continues to refer to the position near the 50% retracement level of 1985.98. If it can break through this resistance strongly, it is expected to look above the 2000 mark. On the whole, the short-term operation of gold suggests that the rebound should be mainly high-altitude, and the callback low should be supplemented.
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