Gold fell below the 2600 neckline and stabilized near 2560. Trump’s trading slowed down slightly, causing Bitcoin to pull back and gold prices to rebound, but this market situation is ultimately difficult to sustain. Once Bitcoin breaks through the 90,000 mark again, gold prices will continue to be under pressure to pull back, especially when US bond interest rates continue to rise. The decline of US stocks and the rise of A-shares at the opening may cause gold to continue to rebound during the Asian session, but it may be difficult to break through the 2600 mark. Therefore, we adopt the operation of first going up with the trend and then going down after reaching 2600.
Trading strategy: (Trend following) Going up with the trend in the Asian session, going down at the 2600 mark
Resistance reference: 2600; 2620
Support reference: 2580; 2560
XAUUSD 15-minute chart