On Monday, the market opened in the morning, with gold forming a roller coaster trend of 2650-2620, oscillating upwards during the day and falling back in the US market;

During the US trading period, the trend line is still being suppressed, so the trend line is suppressing short selling; Short term short selling under the upper and lower pressure of White Plate Card 2650; What the US market is doing is suppressing the bearish trend line edge; The white disk does small-scale interval sorting;

Currently in the market:

1: On a technical level, the pressure position of the trend boundary channel formed by the pressure range of 2790-2720; The technical aspect is under pressure; As shown in the following figure:

2: Fundamentally, firstly: the expectation of the Federal Reserve cutting interest rates this month, with potential negative expectations still present; Secondly, it is difficult to determine whether the scale of the Middle East war and the decisive battle between Russia and Ukraine can trigger safe haven and drive gold prices to break the trend line suppression;

The potential bearish and bullish fundamentals are currently evenly split, so it is not easy to handle large-scale environmental factors; Both negative and positive factors exist. Based on experience, it is highly likely that there will be a strong upward and downward trend in the market;

In today's technical trend chart:

1: 4 hours, the trend line is still being suppressed, as shown in the figure. The trend line composed of 2790-2720 is still being suppressed. Last night, the US market was around 2775, just right; For now, we will continue to effectively handle the trend line suppression; Among them, the trend line suppression serves as the watershed; Stabilize above 2775, follow the trend in the short term; If it does not exceed 2775, it will be treated under pressure;

2: During the K day, the random indicator blunted the golden cross and showed an upward trend, but the suppression was significant; Horizontal pressure around 2720, BOLL pressure around 2725 [but BOLL pressure will gradually decrease];

Overall: Today is a short selling at the checkpoint. They are the trend line pressure near 2775 and the early downtrend pressure from 2720 to 2725; Regarding the bulls, we will not make any plans for the time being; The horizontal support position is 2600-2620, which has been consolidated in the previous two weeks. It is recommended to give up or be cautious when buying for the first time;