0226 XAUUSD: To keep fluctuating after failing to make a breakthrough

23ألف

Gold has been failing to break above the 2035-2040 resistance range after reaching 2034.8, and it also doesn't fall below the 2015-2020 support area, so range trading is a profitable strategy. Last Friday, there was a sign of a breakthrough as the gold price rose as high as 2041 and fell as low as 2015. But it again failed to make a breakthrough and declined to the 2023 range. The gold price may keep fluctuating this week.