Xauusd:How much more can it rise?

The current geographic situation is still an uncertain factor in the capital market. In the weekend news, the Israeli military said that Israeli ground forces are actively carrying out operations in various parts of the Gaza Strip.Sunday's bombing caused dozens of Palestinian casualties, and civilians sought refuge in smaller and smaller areas in southern Gaza.The Iranian-backed Yemeni armed group, the Houthi Movement, said on Sunday that it used an armed drone and a missile to attack two Israeli ships in the Red Sea to show that it stood with the Palestinians.This has made the outside world more worried about the spread of conflict and the destruction of regional stability.The future situation in the Middle East is not optimistic.

Federal Reserve Chairman Powell said on Friday that the two risks faced by the Fed, namely, raising interest rates too much, causing the economy to slow more than necessary, and not raising interest rates enough to control inflation, have become “more balanced.”He reiterated that the Fed will be cautious when making monetary policy decisions in the future.This week's non-farm payrolls data is very critical, and it is necessary to focus on the Fed's policy orientation in the future market, as well as ADP data, and the impact of non-farm payrolls on the market.

Today, gold reached its highest near 2145. Due to the rapid short-term rise, gold fell to its lowest near 2057. Today's gold is crazy.

Whether it can rise this week depends on the situation of non-farm payrolls. If non-farm payrolls continue to fall to about 100,000, it will increase the possibility of the Fed cutting interest rates. This is the reason for gold prices to rise again.

So you must be very cautious when you trade today. You need to observe today's closing situation. If you are not very sure, it is recommended to wait and see today.

Today we need to observe the support strength of 2050-2055

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