The 100-day moving average begins to flatten, indicating that there is a possibility of a price turn. The gold price 
has fallen below the neckline of 2635, releasing short-selling power. At the same time, considering that iron ore, crude oil and gold fell together after the opening of the domestic market of commodities, the performance of the Chinese stock market today is more likely to fall back. Therefore, the trading direction of gold is still mainly short-selling. If A-shares open higher, gold may fall back to the resistance of 2630.
Trading strategy: (mean reversion) short-selling at 2630 or short-selling at 2620, depending on the opening direction of A-shares
Resistance reference: 2630-2635
Support reference: 2620 (breakthrough); 2610; 2600
XAUUSD 15-minute chart
