The price of gold has entered a transitional stage of converging shocks after the previous sharp fluctuations. The trend rebounded significantly after hitting support near 2380. It is more likely that the rebound will continue during the day. If it breaks down, consider testing the recent lowest near 2365 again.
Trading strategy: Follow long in the short term, and go short near the downward trend line.
Resistance reference: 2395, 2415
Support reference: 2380, 2365
XAUUSD 1 hour chart​:1st_place_medal:
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