Gold price continues to fluctuate widely at high levels. It has tested 2530 for five consecutive times without breaking through. This resistance is relatively strong, so it may be difficult to break through strongly in the short term. We should pay more attention to the downward break of gold price . It has been tested several times near 2495 below. If it breaks with the data, the gold price is likely to test the support near 2473 again.
Trading strategy: There is a high probability that it will fall back to the support near 2494 during the day. If it falls below the support near 2494, you can follow the trend and short it during the day.
Resistance reference: 2529
Support reference: 2495, 2473
XAUUSD 1-hour chart
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