The price of gold rebounded slightly yesterday due to the downward revision of the US non-farm payrolls, but the overall trend has not deviated from the high-level fluctuation range. It tends to maintain a wide range of fluctuations before Powell’s speech on Friday.
Trading strategy: It tends to continue to fluctuate between 2495-2520, so before Powell’s speech, you can arrange high-altitude and low-multiple transactions according to the fluctuation range to grasp the fluctuation market.
Resistance reference: 2520, 2530
Support reference: 2495, 2485
XAUUSD 1-hour chart
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