Gold Hunter #20241210

The 100-day moving average is upward, and China’s :cn: stock market drives gold to break upward. However, considering the limited fundamental support, the trading strategy should wait for the gold price :1st_place_medal: to return to the range and then go short. Since it is a reverse transaction, a stop loss needs to be set. The breakthrough position can be seen near the upper edge of the previous box at 2655.

:white_check_mark:Trading strategy: (mean reversion) Pay attention to the opening direction of the domestic market and A-shares, and go short after breaking through 2655
:white_check_mark:Resistance reference: 2661 (stop loss)
:white_check_mark:Support reference: 2655 (breakthrough); 2630

:arrow_right:XAUUSD 15-minute chart :1st_place_medal:

That’s an interesting take! I’m curious to know how you manage the technicals vs fundamentals while planning trades like these?