Considering that there is no important data today, the price of gold is more likely to experience horizontal fluctuations. At the same time, the current price is at a historical high and is more likely to pull back, so a volatility bearish trading strategy is adopted. The stochastic indicator has formed a high-level dead cross, releasing an entry signal.
Trading strategy: follow the entry to short, set a small stop loss
Resistance reference: 2520-2530 (stop loss)
Support reference: 2515; 2500-2505
XAUUSD 1-hour chart
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