XAUUSD| Bullish trend unchanged

✅From the 4-hour chart of gold, the market trend experienced a wave of retracement during the day, but failed to fall below the key support level of 2735 in the 1-hour chart, indicating that the current market is still in a strong bullish pattern. In the late trading, we need to focus on the pressure level of 2763-2765. If the price is under pressure and retreats in this area and falls below the support of 2735, it will mean that the bullish momentum may be exhausted. But if it breaks through and stands firm at 2763, we need to be alert to the possibility of testing the pressure level of 2770 in the late trading.

✅Key resistance level:
🔰2760-2763: short-term pressure level, focus on whether the gold price is blocked and retreats.
🔰2770: strong pressure in the historical high area, after breaking through, we need to pay attention to the subsequent upward momentum.

✅Key support levels:
🔰2735: The key support of the bullish pattern, falling below will weaken the momentum of the bulls.
🔰2726 and 2712: important support below, you can consider arranging long orders when retreating to this area.