The spot gold trend in the early hours of the US market is quite interesting—quoted at 4596.37, down more than 19 points from the previous day's close, a decline of 0.42%. From the intraday performance, it peaked around 4620 and dipped to 4536, with quite a significant fluctuation range.

Data overview:
Current quote: 4596.37
Open/Previous close: 4617.99 / 4615.60
Intraday high/low: 4620.79 / 4536.83

How to interpret the technical aspect? Gold is currently stuck below the middle band of the Bollinger Bands (4602), which indicates some short-term pressure. On the upside, around 4620 is the main resistance. On the downside, focus first on the 4583 level; if it cannot hold, it may seek support in the 4536-4550 range.

Interestingly, the volatility of domestic T+D is not large, and the rhythm of the internal and external markets is clearly out of sync. After a period of rise, gold prices are now adjusting, and it remains to be seen whether they can hold above 4580. For friends who are watching the market passively, risk control should be the top priority—after all, opportunities will always exist, but losses are real.

(The above is only market observation; specific operations should also consider personal risk tolerance.)