The 100-day moving average has an inflection point, and the direction is uncertain. The gold price may fluctuate back and forth in the range of 2880-2910. The current price is in horizontal consolidation. Once it falls below the key support, it is likely to continue to fall. The trading strategy of gold
is mainly based on breakthrough following.
Trading strategy: (mean reversion) follow the momentum of the large internal market, and be bearish if it falls below 2895
Resistance reference: 2905 (stop loss); 2910
Support reference: 2895 (breakthrough); 2885; 2880 (breakthrough)
XAUUSD 15-minute chart