Gold remains in a downtrend.GOLD (US$/OZ)TVC:GOLDHAMID_AQOn the daily chart, gold is fluctuating under pressure, near a six-month low, and its short-term performance is relatively weak. Support levels to watch are last week's low of $3959, which is also near the lower Bollinger Band on the 4-hour chart, and the six-month low of $3943, which is also near the lower Bollinger Band on the daily chart. A break below this level would increase the risk of a short-term pullback. The key support level to watch is the psychological level of $3900. Resistance levels to watch are the rebound high of $4021, which is also the current 5-day moving average on the daily chart and the middle Bollinger Band on the 4-hour chart, and the 10-day moving average on the daily chart and the middle Bollinger Band at $4060. The 5-day moving average death cross is slowing slightly, the MACD indicator is showing a slight upward golden cross, the KDJ indicator is showing a slight upward turn after a death cross, and the RSI indicator is showing a slight death cross, all in weak territory. Short-term technical indicators suggest that the bears are generally in control of gold, and there is still a risk of further downward pressure.