The 100-day moving average is downward, and the head pressure of gold has appeared. The trading strategy should be mainly short-selling.
Once Gaza confirms a ceasefire today, gold and crude oil prices will be under short-term pressure. If CPI is higher than expected, it will also put pressure on gold prices. Therefore, shorting gold is the main strategy.
Line trading strategy: (Trend following) Break through 2670 and then short, or step back to 2675-2680 high
Resistance reference: 2675-2680
Support reference: 2670 (breakthrough); 2660
XAUUSD 30-minute chart