Pay attention to the triangle pattern to determine the direction

#XAUUSD XAUUSD

Currently, the overall gold price trend remains within a triangular consolidation pattern. As time progresses, the short-term resistance level has moved to 3750. As usual, to avoid false breakouts, allow for a buffer of around $5. In the European session, pay attention to the suppression of 3750-3755. If it fails to effectively break through 3755, you can continue to short gold. On the contrary, once it stabilizes above 3755, wait for a pullback and go long. Support levels to watch are 3730-3720. For short-term trading, adopt a buy-low, sell-high strategy within the 3750-3720 range, with profit targets of $10-$30, until the triangle pattern is broken. It is also worth noting that 3710-3700 below is still the key support. If it breaks through the 3720 triangle boundary, you can hold a short position and expect a decline, but do not chase the short position too much.