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March 6 Gold Analysis [Keep Going][Keep Going] Influenced by the US dollar trend and related policy expectations, spot gold remains generally weak and consolidating, with some intraday pullback.
Today, the market's key focus is on this week's important data—non-farm payrolls.
Yesterday morning, prices rose from the 5146 level, peaked near 5195, then faced resistance and adjusted, entering a technical consolidation phase.
After the relevant data was released in the evening, prices bottomed out and rebounded, maintaining an overall intact structure and continuing to oscillate and build momentum.
The 4-hour trend is clear, with key support at 5040 below and resistance at 5230-5250 above, maintaining a generally bullish outlook.