Yesterday, affected by the expected changes in interest rate cuts brought about by CPI, the gold price trend fell sharply and closed with a head and shoulders top pattern. It may rebound slightly during the day and test the resistance of the neckline area again. Trading should be arranged in advance near the neckline position.
Trading strategy: short-term follow-up, short-selling in place.
Resistance reference: 2459, 2476
Support reference: 2440, 2426
XAUUSD 1-hour chart
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