XAUUSD forms a head and shoulders pattern

11 Haz

On the daily chart, XAUUSD has formed a head and shoulders top pattern, and will face the risk of falling in the future. The key resistance of the current market is around 2325. If the rebound does not break this position, it is expected to continue to fall. The key support in the short term is around 2277. If it falls below, it is expected to fall sharply, and the downside target is expected to be in the 2150-2200 area.