XAUUSD| Expected to rebound to new highs

📊Gold is currently maintaining a bull market structure, and short-term technical corrections will not change the upward trend. The weekly rising channel remains intact, and the MACD indicator has increased in volume for the second time above the zero axis. The daily moving average system is in a bullish arrangement, but attention should be paid to the risk of high-level correction.

📊At the 4-hour level, the ABC adjustment structure has been launched since the high point of 2817. It is currently at the end of the C wave (2770-2772). The three tracks of the Bollinger Bands are flat, and the price is testing the middle track support. The RSI (52) is neutral and slightly strong. If it effectively breaks through 2795 (Fibonacci 38.2% retracement level), the upward trend will be restarted.

📊At the 1-hour level, the five-wave decline structure is completed in the Asian session, and the MACD bottom divergence is revealed. The European session needs to pay attention to the breakthrough of 2785 (the high point of the early rebound), which is a short-term strong signal.

🔴Upper resistance level:
-First: 2795
-Second: 2804-2810
-Third: 2817 （Historical highs）

🟢Lower support level:
-First: 2782
-Second: 2770-2772
-Third: 2758 (weekly MA5)

✅Intraday Trading strategy:
🔶GOLD SELL: 2804-2808
🔰TP1: 2790
🔰TP2: 2780
🔰TP3: 2770 OPEN~

🔶GOLD BUY: 2770-2772
🔰TP1: 2780
🔰TP2: 2790
🔰TP3: 2800 OPEN~

⛔Risk warning
-Pay attention to the impact of US ISM data on the US dollar index during the US trading session
-CME gold futures open interest continues to increase, beware of high-level profit-taking
-If the daily closing price falls below 2755, the medium-term long structure needs to be re-evaluated