The gold price 
is in the horizontal consolidation of the 2725-2745 range, and the current price has reached the upper edge of the shock. If the Chinese 
stock market opens down, then the gold price will have the opportunity to be bearish on rallies. However, considering that the gold price is consolidating at 2740-2745, it will be safer to follow the breakthrough. In the Asian session, a break above is bullish, and a break below is bearish.
In addition to the whole car factory, the financial reports of European 
home appliance companies are also sluggish, which puts pressure on Europe to cut interest rates, which is beneficial to gold . However, the key is to look at the GDP, unemployment rate and inflation rate of Germany and France tomorrow. If these data are stronger than expected, the short-selling power of gold will be released. In terms of the day, the main focus is still on job vacancies in the United States. If the data is good, gold is bearish.
Trading strategy: (Trend following) Go short after breaking through 2740, or go up after breaking through 2745
Resistance reference: 2745 (breakthrough); 2757-2760
Support reference: 2740 (breakthrough); 2725 (breakthrough & take profit)
XAUUSD 30-minute chart
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