If the Chinese
stock market opens higher and the US
economy lags behind, then gold
has a chance to form a bottom and break upward. But conversely, it may also break downward. Therefore, it is more suitable to wait for the news to be released and then follow the breakthrough.
Trading strategy: (Trend following) Follow the short after breaking through 2650 or follow the rise after breaking through 2660
Resistance reference: 2660 (breakthrough bullish); 2670
Support reference: 2650 (breakthrough bearish); 2645; 2635
Technical aspect: 100-day moving average level, the direction is uncertain, and the price breakthrough direction needs to be paid attention to. It is suitable for the breakthrough following strategy.
XAUUSD 15-minute chart
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