Gold🥇 is in a descending triangle structure. Before breaking through the downward trend line, the trading strategy is mainly bearish. The current price has broken through the key 2680 mark. The intraday trading strategy should be to follow the trend, but the momentum for a downward breakthrough may not be sufficient, especially considering that the US dollar still has downward risks. Therefore, the target position is placed near the previous low of 2655.
Trading strategy: (trend following) follow the trend and go short after stepping back to 2680
Resistance reference: 2700 (breakthrough stop loss)
Support reference: 2680; 2665; 2655
XAUUSD 30-minute chart