From the recent trend, even if it falls below the key support, the gold price may fluctuate sharply and return to the support. Therefore, the trading strategy should be mainly short at high levels.
The surge in the Chinese stock market has driven the commodity market, and also driven gold🥇. So after the stock market correction, gold🥇 lacks a support. In addition, the non-agricultural data has led to rising interest rates, and Israel has not yet fought back, so the gold price🥇 is still mainly short.
Trading strategy: (mean reversion) 2640 and 2630 are short in batches
Resistance reference: 2630; 2640; 2655 (stop loss)
Support reference: 2620; 2605
XAUUSD 1-hour chart​:1st_place_medal:
Please share your commons below~