Naked K-line review of gold contract trading: 1) A hammer bearish K-line with a long lower shadow at a high level, accompanied by huge trading volume, indicates that the bulls have taken profits at the high, and the bears are beginning to enter; the short-term upward trend will be reversed; 2) Gold has a strong correlation with geopolitical conflicts and oil prices. If the war subsides, gold prices at high levels will also experience a wave of decline and adjustment.