XAUUSD|Urgent need for adjustment

📊The long-term bull market pattern of gold has not changed, but in the short term, it shows the characteristics of accelerating to the top. The weekly MACD top divergence has begun to appear, and the daily RSI (14) is blunted in the overbought zone. We need to be vigilant about the high-level long-short kinetic energy switching. It is recommended to focus on the top pattern of high-altitude game during the day, and go long at the low level of the key support area.

📊Technical signal strengthening
-When the new high of 2832 was reached, COMEX open interest fell by 4.2%, suggesting that long positions were dominant
-The spot and futures premium narrowed to 3, reflecting weak physical demand
-The gold VIX index rose to 22.5 (90% percentile), and the volatility amplification cycle began
Historical statistics show that when RSI>75 and VIX>20, the probability of a retracement in the next 5 days is 68%
-ETF holdings have been net outflows for 3 consecutive days (accumulated -18.7 tons)
-The proportion of hedge fund net longs rose to 89%, approaching the extreme crowding threshold

🔴Upper resistance level:
-First: 2825-2832
-Second: 2845

🟢Lower support level:
-First: 2782
-Second: 2790-2792
-Third: 2775

✅Intraday Trading strategy:
🔶GOLD SELL: 2828-2830
🔰TP1: 2815
🔰TP2: 2800
🔰TP3: 2790 OPEN~

🔶GOLD BUY: 2790-2792
🔰TP1: 2810
🔰TP2: 2820
🔰TP3: 2830 OPEN~