The channel structure remains complete, and the gold price has pulled back to the 0.236 pullback line and received support. The bottom is slightly formed, and the intraday trading strategy is mainly to follow the trend after breaking through the neckline.
It is necessary to pay close attention to the trend of short-term bond interest rates. If the US short-term bond interest rates in the European/Asian session continue to rebound, then the bullish view on gold should be cancelled.
Trading strategy: (trend following) break through 2725 band and follow the rise
Resistance reference: 2725 (breakthrough following); 2740
Support reference: 2715 (stop loss)
XAUUSD 30-minute chart
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