After Gold surged higher last week, it closed at today’s high with bearish engulfing and the harami line broke below. The overall trend is blocked from rising higher, and the callback momentum during the day is strong. In the short term, we should mainly follow the trend, or it may return to the previous peak near 2480. Perform top-to-bottom conversion.
Trading strategy: follow short in the short term, buy long on dips
Resistance reference: 2510
Support reference: 2478, 2460
XAUUSD 1 hour chart:1st_place_medal:
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