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ทอง: ชอบ 1750

Fundamental analysis:

On Friday (October 11), after the announcement of the October CPI data in October expected, the guesses about the Federal Reserve Policy's inflection point are significantly warmed up. Investors sell the US dollar crazy and buy gold again. The rise of the trend once again rose more than $ 20. Looking forward to the market outlook, the speech of the Federal Reserve officials may become the focus of all parties. Once the Fed releases more pigeon signals, gold will continue to expand recently.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold exceeds the pressure of $ 1720 again, up to a maximum of $ 1760. At the same time, MACD has a significant volume above the zero axis, which indicates that the market has further strong momentum. Continue to look at the bullish above this position, the above target 1775-1790

Resistance level: 1775.00 1790.00

Support bit: 1750.00 1730.00

Trading strategy: Bullies above 1750.00, target 1775.00 1905.00
Extracting strategy: Watch the decline under 1750.00, target 1730.00 1720.00

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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