Gold prices have risen due to US dollar selling. Markets await Fed Chairman Powell's speech for fresh guidance.
The CME Fed watch tool now predicts a 97% chance of no rate cuts in March, down from 98% the previous week.
Technically, the yellow metal has near-term support around $2100 and confronts modest resistance around $2130. A breach above this level will lead to the next level of $2145/$2150.

Signal
Sell at $2140, with a stop loss at $2050 and a target price of $2120.
Buy at $2100 with a stop loss around $2070 and target price of $2150.