On the weekly chart, after the gold price closed for several weeks, this week, a small shadow column with a long upper and lower shadow lines was closed again. At present, the gold price runs below the lower rail of BOLL, and BOLL runs in the descending channel. In the short term, the gold price is subject to the resistance near the lower rail 1582, and the moving averages of the upper cycles are arranged in a short trend, and the overall trend is weak. Pay attention to the resistance near 1620 above. See attached drawings.
In the short term, the support below the gold price will form support near 1562. After crossing the 10 moving average, the upper 5-day moving average now goes down with the 10 moving average, forming resistance near the upper 1590- 1592. It is expected that the gold price will test the resistance near 1592 above and 65438+ below again.