technical aspect Daily level: shock; gold price has slightly broken through the 2605-2666 shock range in the past two weeks. It needs to be confirmed whether it is a real breakthrough or a false breakthrough. The MACD red column has become longer, KDJ has formed a golden cross, and the gold price is also standing at the same level. With the moving average above, short-term bull opportunities will increase significantly. If it can break through the resistance of 2700, or close above 2666.16 on November 29 (the 55-day moving average is also near this position), it will increase the bullish signal in the future. Below, pay attention to the support near the 5-day moving average of 2648.91. If the gold price falls back below this position, it will increase the possibility of the gold price maintaining a volatile trend. The 21-day moving average support is currently around 2634.77. If this support falls, it will increase the short-term bearish signal. 4-hour level: shock; the Bollinger Bands opened, MACD crossed the zero axis, but it seems that the momentum is not very strong, KDJ is close to the overbought area, the gold price broke through the upper edge of the previous shock box at 2666.16, and recorded a "cut back line". It implies that the selling pressure above is strong. Before breaking through the overnight high of 2676.31, we need to beware of the possibility of false breakthroughs and shock pullbacks. The initial support reference The support is near the high of 2657 on December 4, and the middle rail support of the Bollinger Band is currently around 2646.81. If this support is lost, it will increase the short-term bearish signal. If the price of gold breaks through the resistance of the overnight high of 2676.31, the price of gold will confirm that it breaks out of the shock range and starts a new round of upward trend. The short-term target is expected to be around the previous high of 2721; whether it can break through further remains to be seen.