Affected by the speech of the European 
Governing Council, the gold price 
spit out the previous over-inflation, but the current price temporarily gained support at the key neckline 2715 and rebounded slightly. Considering the residual momentum of the sentiment, the gold price still has room for bullishness, but the momentum is not sufficient. It needs to focus on breakthroughs and rises. The key is to look at the PMI market. If the PMI is good, then the gold price has the opportunity to fall below the 2715 mark, or even return to below 2700.
The German and French 
PMIs are the most important. If the German composite PMI is higher than 48 and the French composite PMI is higher than 49.5, then the gold price has the opportunity to fall all the way below the 2715 mark. But on the other hand, if the composite PMI is lower than expected, the gold price will test the previous high of 2760 again.
Trading strategy: (trend following) Asian session breaks through 2722, bullish; European session follows PMI direction
Resistance reference: 2722 (Asian session breakthrough); 2740; 2755
Support reference: 2715 (breakthrough short); 2660 (European and American PMI is higher than expected)
XAUUSD 30-minute chart
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