XAUUSD trading signal for large-scale fluctuations tonight

Gold is currently fluctuating in a narrow range and is currently trading around $2,919/ounce. Gold prices fell slightly on Thursday. Some of Trump's tariff exemption policies and the market's expectation that the Russian-Ukrainian war is coming to an end have cooled risk aversion sentiment and pushed some longs to take profits. Spot gold once fell to around $2,891/ounce, but the US trade deficit hit a record high in January, suggesting that trade may drag down economic growth in the first quarter. Market expectations for the Fed's rate cut in May have increased, attracting bargain-hunting buying to support gold prices, which closed at $2,910.76/ounce on Thursday, down about 0.28%. The market's attention is currently turning to Friday's non-farm payrolls data to further understand the Fed's monetary policy trends.
From a technical perspective, the upper resistance is concentrated in the 2,922 to 2,924 area. Once effectively broken, the gold price may continue to rise to around 2,940. The lower support is in the 2,893 to 28,882 range. If it falls below this support, the gold price may pull back to the 2,868 level. In terms of operation strategy, it is recommended to focus on callbacks and long positions, supplemented by rebound high-altitude strategies. Everyone needs to pay close attention to the impact of non-agricultural data on the market, flexibly adjust positions, and do a good job of risk management to respond to market fluctuations in a stable manner. XAUUSD GOLD XAUUSD XAUUSD