Gold Hunter #20241112

The downward trend line of gold :1st_place_medal: remains intact, providing strong resistance. However, the 2600 mark is not only the key head neckline but also the common support of the Fibonacci 0.618 retracement line, which requires news to break through. The possibility of intraday breakthrough is not great, so the trading strategy should focus on shorting after falling back.

:white_check_mark:Trading strategy: (Trend following) Shorting at highs after falling back to 2650
:white_check_mark:Resistance reference: 2650; 2680; 2700 (breakthrough reverse follow-up)
:white_check_mark:Support reference: 2610-2600 (stop profit & breakthrough); 2570

:arrow_right: XAUUSD 1-hour chart :1st_place_medal: