1. The opening price of gold on the day was lower than the previous closing price. In the process of climbing up, there will be resistance here. This is because after a night of thinking, both the long and short sides have reached a consensus on the previous closing. If the gold price opens low that day, it indicates that there is a strong selling intention. In the process of gold price rebound, on the one hand, it will be hit by new selling at any time; on the other hand, when it is close to the previous closing, the selling orders accumulated in the morning will take effect, so that bulls can easily cross this barrier.
2. It was lower after the opening of the day. Because there are a lot of selling at the opening price, we will encounter resistance when we bounce back here.
3. The obvious M head shape in the technical drawing. The reason for the formation of the former high point is that there is an obvious backlog of selling. When the gold price rises again when it is blocked here, once it approaches the former high point, there will be new short forces involved, and bulls will become cautious. An obvious "M" shape is formed on the trend chart, and the high point on the right will be lower than the high point on the left most of the time.
4. Be alert to integer level. Due to people's psychological function, some integer barriers will often become important resistance when rising.