Fundamental analysis:
On Tuesday (December 20), the Bank of Japan announced that the upper limit of the 10 -year Treasury yield was doubled. This sudden policy adjustment shocked the market. The dragging down all day fell, and the session fell below the 104 mark, and finally closed down 0.69%. Thanks to the decline in the dollar, the spot golden market exceeded $ 1820/ounce, and closed more than $ 30, an increase of 1.69%. Looking forward to the market outlook, as the price of gold stands on the 1800 mark again, uplink foreground may be opened.
Spot gold xauusd 4 -hour chart
Technical analysis:
Looking at the 4 -hour chart, the price of gold continues to rebound above the support of 1780, and at the same time, the strength breaks the 1800 line. At present, the trend has been opened up. At the same time, the MACD amount can be released sharply on the zero axis. , Continue to bullish above this position, the target above 1825-1835-1850.
Resistance level: 1825.00 1835.00
Support bit: 1800.00 1785.00
Trading strategy: Bullies above 1800.00, target 1825.00 1835.00
Qualification Strategy: Watching under 1800.00, target 1785.00 1770.00