In the face of major news, all support and resistance are useless, so the trading strategy should be based on breakthroughs. Maintain horizontal oscillation and buy low and sell high before the resolution is released. The current oscillation range is 2560-2575. If it breaks through 2575, the oscillation range will be 2575-2590. Once the resolution is released, we will see the direction of the breakthrough. Since it is early in the morning, we can consider placing orders. Considering the ultra-short-term turmoil, the position of the order should be a little biased. Breaking through 2600 is bullish, and breaking through 2550 is bearish. It is expected that the winning rate of short selling will be higher.
Trading strategy: sell high and buy low in the oscillation range, and see the breakthrough direction after the data is released
Resistance reference: 2575; 2588; 2600 (breakthrough); 2615-2620
Support reference: 2562; 2550 (breakthrough); 2515-2530
XAUUSD 1-hour chart:1st_place_medal:
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