Translation: Technically speaking, spot gold is consolidating around 2020 USD/ounce. If the price breaks the recent high, ANZ Bank strategists predict that the price will rise to 2100 USD/ounce, maintaining a bullish trend. The technical chart shows a sustained bullish momentum, and the upward channel suggests significant volatility between 1900 USD/ounce and 2100 USD/ounce. The price faces a crucial resistance level of 2062 USD/ounce. Breaking through this level may trigger new technical buying, and the price may reach 2100 USD/ounce. "On the downside, if there is any disappointment in interest rate hikes, it may pull the price back to the trendline support of 1900 USD/ounce."