From the current market perspective, the stabilization of spot gold at last week's low point of 2583, effective resistance at 2631, and a solid small bullish candlestick with a shadow on the daily chart indicate that the momentum of gold prices in the rebound is not strong enough. On the daily chart, prices are running above the short-term 5-day moving average and below the middle of the pressure Bollinger Bands. The cyclical moving average maintains a bearish position, and the downward momentum of short-term indicators only slows down, without changing their weakness. Therefore, the overall bearish advantage of the daily chart is obvious.

In terms of the 4-hour period, although the short-term bullish trend has fallen after continuous upward attacks, the strength and speed are not strong. At the same time, the cyclical indicators have not declined, and the slow upward trend has caused prices to operate within the upward channel. The cyclical moving average also shows a bullish trend. The short-term indicators maintain an upward trend, but the signs of potential energy depletion are highlighted. Therefore, in terms of 4-hour period, it is necessary to prevent gold from experiencing a roller coaster trend.

Operation strategy: For the support below, pay attention to the 2626 area first, and continue to look at the 2640-2650 area above. If there is a strong breakout, focus on the 2617-2613 area. As a strengthening defense for intraday bulls, it is necessary to consider going long when the price approaches or touches for the first time. However, any further breakout at any time will enhance the ability of bears to control the market. At that time, it is necessary to pay special attention to the 2609 area. For the resistance above, first focus on the 2646 area and try short selling. Secondly, focus on the 2655-2660 area and directly participate in short selling.