Gold price forms a high-level box shock, and the trading strategy should be mainly high-selling. However, once it falls below the 2715 mark, it means that the bears have begun to exert their strength, so it is necessary to turn to a breakout and bearish.
Pay attention to whether Iran has a statement of counterattack. If it is just something like “retaining the possibility of counterattack”, it means that this round of “fireworks” has been set off. Gold will continue to give up the previous gains. The gold price temporarily lacks the momentum to rise.
Trading strategy: (mean reversion) intraday highs below 2738 bearish
Resistance reference: 2738; 2745 (stop loss)
Support reference: 2725 (breakthrough & take profit); 2715 (short-term breakthrough)
XAUUSD 30-minute chart
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