The overall price tone and trend are still negative in the short term. If the XAUUSD price cannot enter the state soon, then it is looking for a lower level breakout. At present, the price has fallen and tested $1770 many times. The chart shows that the price has not collapsed and rebounded to a certain extent, but it is still below the first resistance level and the second resistance level. In addition, if the interest rate market is betting on an aggressive reduction schedule in an attempt to cool the rising inflation, then global asset prices will also be repriced as expected.
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