Can gold continue to rise and break out

Gold pulled back sharply to the 50-48 area support as expected on Monday, standing above 70. In the current structure, the daily line of the gold price has broken through the daily line of incision suppression (becoming a daily inline support line), so pay attention to this area and continue to intervene in the bulls during the day. The closing price of the previous high point of the daily line was the 68 area, and the 68 area was also 38.2, which was the 50 pullback yesterday, so this area can be considered for intervention. The high point on Friday is 65, which is also 50% of the 50 pullback. You can consider intervening long! The extreme position is to step on the inward support line of the daily line. At the same time, this position is 61.8% of yesterday's 50 pullback, and it falls near 61. It is also a good position for many. In general, the 68 area or below the 61 area has more opportunities to choose. ! XAUUSD