Joseph Chai, an analyst at RHB Retail Research, said in a research report that judging from the daily chart, gold is trying to break through the resistance level of 2,700 US dollars/ounce. Chai said that the latest bullish candlestick shows that the price of gold is trying to break through this resistance level. Chai said that the Relative Strength Index continues to show an upward trend, indicating that the bullish momentum is accelerating, and there may be a positive price trend in the next few trading days. However, he added that strong selling pressure is expected at $2,700 per ounce. As long as the price of gold remains below $2,700 per ounce, there may be a sideways trend or correction.

Joseph Chai, an analyst at RHB Retail Research, said in a research report that judging from the daily chart, gold is trying to break through the resistance level of 2,700 US dollars/ounce. Chai said that the latest bullish candlestick shows that the price of gold is trying to break through this resistance level. Chai said that the Relative Strength Index continues to show an upward trend, indicating that the bullish momentum is accelerating, and there may be a positive price trend in the next few trading days. However, he added that strong selling pressure is expected at $2,700 per ounce. As long as the price of gold remains below $2,700 per ounce, there may be a sideways trend or correction.