🔶Yesterday, the price of gold entered a slow upward rhythm after testing the resistance. Overall, it remained in the upward channel of the daily line, but the price fell back after being under pressure at the top of the channel. The current key support level below is 2758.
🔶From the 4-hour chart, the price of gold entered a new upward channel after the previous triangle convergence and breakthrough upward. However, the price fell back after touching the 2790-line center, and is currently hovering near the bottom of the channel at 2778.
🔶On the 1-hour chart, gold formed a double-top fallback pattern at the 2790 line, testing the 2771-2768 support area downward. If the support in this area is effective, the price of gold may form a high-level horizontal oscillation range.
🔶Overall, gold is in the adjustment stage after rising, and the operation can maintain the idea of selling high and buying low within the range.
🔴The upper short-term focus is on the 2787-2790 resistance range
🟢The lower short-term focus is on the 2768-2771 support range
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