XAUUSD trading profit signal has appeared

After the release of the US February CPI data, the market reacted quickly, and the gold price climbed from 2915 to 2925, and then fell into adjustment, hovering in the range of 2915-2922. Immediately afterwards, the gold price fell sharply, breaking through the low of 2907 in the US market yesterday, hitting 2906 and rebounding to around 2916 now.

The market usually shows an adjustment trend on Wednesday. The gold price experienced a sharp fluctuation after the release of the CPI data, providing guidance for the trend on Thursday and Friday, but the market fluctuated violently in the evening. From a technical point of view, the upper resistance is at 2928-2936. Once it breaks through, it will test the previous high of 2940, and the lower support is at 2906-2900.
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