On the daily chart, XAUUSD has formed a potential double top pattern, and short-term bears have the upper hand. Currently, we can focus on the support near 3200. If it falls below, it is expected to continue to fall, and the downward target is the previous demand area of 2974-3022. During the day, we can focus on the rebound shorting opportunities in the 3268-3282 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.