XAUUSD:1963 is the key position

Affected by the news today, gold surged briefly in the U.S. market and then fell all the way. From the chart analysis, it was under pressure at the resistance level of 1974. After falling below the 1963 support with inertia, it was buffered at the 1957 support level, rebounded slightly, and returned to above 1960.

But so far, the support of 1963 has not been recovered, so 1963 temporarily exists as a resistance level.

On the 30m chart, it is similar to a double top. If the resistance of 1963 cannot be exceeded, the support of 1957 will be tested again. If it falls below , will fall to the range of 1953-1947.

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The 1957 support is valid, it is back above 1960 again, focus on the resistance of 1969-1971

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