Gold short-term double top under pressure

🔸Today, gold continued to consolidate at a high level and did not continue its strong rise. There is a possibility of a correction at any time in the short term. Although gold broke upward, the strength was relatively limited. A "double top" pattern was formed in the short term, and the key support level below was near 2645. If the gold price fails to fall below 2645, it may maintain a fluctuating upward trend, and the subsequent long position opportunity can be waited for after adjustment; if it falls below 2645, it is possible to confirm that the breakthrough caused by risk aversion is a false breakthrough, and the market may return to the oscillation range.

🔸An obvious "double top" pattern was formed on the gold 1-hour chart, and it is currently under pressure at last night's high of 2673. If the resistance level fails to break through during the European session, gold will most likely start to adjust downward. The current trend is not clear enough, and operations should avoid chasing the rise, and patiently wait for the opportunity to enter the market after the adjustment.

🔸Intraday trading strategy
🎯Strategy 1: Gold Sell 2673-2675, SL6-8$, TP 2655-2650, Breaking position looks to 2645 line✅

🎯Strategy 2: Gold Buy 2645-2648 , SL6-8$, TP 2660-2670, Breaking position looks to 2675 line✅

🔸In the short term, the gold price trend is volatile, and the double top pattern is more obvious. In the short term, we will focus on the performance of the European session and whether it can effectively break through the upper resistance. We will adjust the operation strategy based on the technical pattern and support and resistance levels, while maintaining a flexible response mentality.