Gold retains the potential for a top reversal pattern. After testing the 2733 mark several times, there is still a possibility of a breakthrough during the day. The trading strategy should adopt a breakthrough-following approach and enter the market in batches.
Same as yesterday’s strategy, Trump’s trading can no longer make gold rise, and it should be bearish if it does not rise. But if Trump wins a big victory tomorrow, the red wave may cause gold to bottom out and rebound. Therefore, maintain a breakthrough-following strategy.
Trading strategy: (Trend following) Break through 2733 and go short during the day, break through 2715 and go short in the short term
Resistance reference: 2745; 2760 (breakthrough reverse bullish)
Support reference: 2733 (breakthrough); 2715 (breakthrough); 2700
XAUUSD 1-hour chart
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