The 100-day moving average is upward, and China’s stock market drives gold to break upward. However, considering the limited fundamental support, the trading strategy should wait for the gold price 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.
Trading strategy: (mean reversion) Pay attention to the opening direction of the domestic market and A-shares, and go short after breaking through 2655
Resistance reference: 2661 (stop loss)
Support reference: 2655 (breakthrough); 2630
XAUUSD 15-minute chart