The gold head has been formed, the price has fallen below the key neckline 2560 mark, and formed a false breakthrough at 2575, and the upper resistance pattern is relatively obvious. The intraday trading direction is mainly short. However, whether it can fall below 2550 depends on the data momentum. If the number of unemployment benefits tonight is lower than expected, the gold price may break down to 2530.
Trading strategy: short on the neckline position
Resistance reference: 2560; 2575 (stop loss)
Support reference: 2550 (take profit & breakthrough); 2530
XAUUSD 1-hour chart
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