On the 4-hour chart, XAUUSD stabilized and rebounded in the short term, and bulls have the upper hand. At present, we can pay attention to the resistance near 2708.2. After the rebound encounters resistance at this position, we can pay attention to the potential bearish bat pattern. If the price breaks through the resistance near 2721.4, it will continue to rise.
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.