Gold price 
and US dollar 
present a perfect reverse trend. Therefore, if gold wants to show a short position, it must be triggered by the sharp rise of US dollar . Today’s pre-market economic data and the speech of Fed officials are very critical. If the market’s bet on 75-100 basis points can be reversed, gold will have the opportunity to spit out the gains of the past week, and even return to below the 2600 mark. However, for the sake of caution, it is still mainly based on quick entry and exit after breaking.
There is short pressure on the gold price , but news support is needed to start the decline. Therefore, the trading strategy should tend to follow the breakthrough. The key support is at the 2650 mark. Once it falls below, a reversal structure is formed, releasing a short signal.
Trading strategy: (Trend following) After breaking through 2650, follow the short side
Resistance reference: 2662; 2670
Support reference: 2655 (breakthrough in Asian session); 2650 (breakthrough in US session); 2640; 2625
XAUUSD 30-minute chart
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