On the 4-hour chart, gold broke through the shock range of the box, but the persistence is not strong. The dip in late last week brought it back into the range, despite lower highs and lower lows. The overall trend showed a trend of shocks and declines, and after repeated adjustments and corrections, it slowly hit new lows. The trend is still down, and the rhythm is oscillating downward. On the 4-hour chart, gold is still under pressure below the 1940 line. At the beginning of this week, 1940 is a watershed between strength and weakness. The shock performance before this bit was weak. On the 1-hour chart, there could be another rally in the short-term, but confirmation signs of resistance. The small-period K-line structure shows a see-saw state where shocks are the main trend and the trend is secondary.
Gold showed a fluctuating and falling trend last week, breaking the consolidation range. Pay attention to the 1900 integer mark below. On the 4-hour and 1-hour charts, gold still shows a trend of shocks and falls, and there may be a rebound in the short term. Focus on the 1940 resistance above.
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