Gold follows the trend and is bearish. The target below is 2725

Gold technical analysis
Daily resistance 2800, support below 2700
Four-hour resistance 2790, support below 2750-25

Gold operation suggestions: Last Friday, gold continued to be extremely strong and unilateral in the technical aspect. The Asian and European sessions opened high and broke through and stood above the 2770 mark, continuing the strong rise. The US session accelerated to break through the 2785 mark and was blocked and fell back to consolidate. The daily chart strongly fluctuated to a new high. The overall gold price relied on the 5-day moving average to form a strong unilateral upward pattern of bulls.

From the analysis of the 4-hour market, gold opened and stepped back and currently fluctuated at the 2750 line. Pay attention to the short-term suppression of the 2770 line above. We pay attention to the support near 2725 below, and focus on the 2700 integer mark. The daily level stabilizes above this position and continues to maintain the rhythm of buying at a low price. Any step back is a main opportunity to trade with the trend.

SELL:2760near
BUY:2725near
BUY:2700near

Technical analysis only provides trading direction!