Yesterday, gold overall bottomed out and rebounded. It started to fall from 1954 during the session, and it has maintained low consolidation since hitting the lowest level of 1944. However, it began to rebound in the short term after the dovish speech of Federal Reserve officials during the U.S. session, and the highest intraday level hit 1965 to start the decline. However, it should be noted that in early trading today, Federal Reserve Chairman Powell once again issued a "hawk with a dove" remarks, which inhibited the continued rebound of gold prices. After entering winter time this week, the overall movement of gold prices is slow. Today is Friday and there is a high probability that it will continue to remain range-bound.
The focus below is on the first-line support of 1949-50. After breaking through this point yesterday evening, there was an accelerated rebound. The key support is at 1944. You can use this point as a defense when buying long. The upper side suppresses 1965 in the short term, the key suppresses 1970, and goes long near 1955
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