The news that Israel will not attack Iran’s
oil
and nuclear facilities reduces the possibility of a full-scale war, which is unfavorable to the price of gold
. At the same time, the plunge in oil prices
may also drag down gold
. Even if the manufacturing index is lower than expected tonight, it will be difficult for gold prices to break upward.
Trading strategy: (Trend following) 2645 or 2635 breakthrough and short
Resistance reference: 2653; 2660
Support reference: 2645 (breakthrough); 2635 (breakthrough); 2623
XAUUSD 1-hour chart
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