Can gold break through 3,000?

hier

From a technical perspective, the daily relative strength index (RSI) of spot gold is still in the overbought area, indicating that it may face certain consolidation pressure in the short term. If the gold price stabilizes above $2,900, it may further open up room for growth.

In terms of the lower support level, the gold price has initial support in the $2,855-2,854/ounce area. If it falls below this level, it may fall back to around $2,834/ounce. If it falls further, the $2,815-2,814/ounce area will be the key support level, and the $2,800 round mark may also provide strong support.
The focus of the market this week will be the congressional testimony of Fed Chairman Powell and the US CPI data for January. If the inflation data is stronger than expected, it will further strengthen the Fed's stance of maintaining high interest rates, thereby supporting the US dollar, which may put some pressure on gold in the short term. However, from a long-term trend, the market's concerns about global economic uncertainty still exist, and the safe-haven demand for gold may continue. In the short term, the performance of gold prices around $2,900 will be the key to market attention. If it can effectively break through, the current round of gains may continue.

hier

Transaction en cours

Gold can be shorted in the short term, with the target at 2890, but in the long run, it is still mainly based on falling back to long. I will share trading strategies every day, you can click on my link, I hope it will be helpful to you