The downward trend of gold price is still quite obvious. The current trading strategy is to short along the trend line, and you can short in batches. However, considering the high geopolitical risks, you need to be alert to the possibility of a big rise in news and set a stop loss. To break through 2625, you need the cooperation of ISM and job vacancies tonight.
Today’s AH stock market closure and RMB decline are not conducive to gold , but the breakthrough momentum still depends on the release of US data in the US market.
Trading strategy: (trend following) short in batches at highs, strictly set stop losses
Resistance reference: 2640; 2650; 2660 (stop loss)
Support reference: 2625 (take profit & breakthrough)
XAUUSD 1-hour chart
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