At the 100-day moving average level, the direction of gold price is uncertain. The sharp drop in China’s stock market at the opening is not good for gold price , but gold has not yet broken the previous low of 2640 support, so before breaking, it is mainly bullish with a small stop loss. Once it breaks, stop loss and reverse to short until the previous low of 2625. The biggest intraday volatility may still occur in the French motion vote. Long orders need to be wary of the good employment data in the United States .
Trading strategy: mean reversion near 2640, bullish on dips; below 2635, short, and bullish on dips near 2625
Resistance reference: 2645-2650
Support reference: 2635-2640; 2620-2625
XAUUSD 15-minute chart