GOLD-Will there be a breakthrough?
This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress.
Gold cannot only look at the current technical aspects. Gold's sharp rise last Friday confirmed the market's absolute bullish trend. This wave of prices was the biggest fluctuation since the market opened this year.
I think gold has some room for repair
Xauusd:sell 2086-2090
TP:2080-2076
SL:2093
Because it is an upward trend, we sell in the resistance range and must set up a small position.
You can also wait for the support area to buy
Xauusd:buy2065-2070
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