Gold: 1642

Fundamental analysis:

On Tuesday (November 1), multiple data in the United States performed poorly. The market expects that the Federal Reserve has hinted that the pace of interest rate hikes will be slowed from December. It once fell below 4%, and the spot gold closed up 0.83%. The market focuses on the Fed's statement of interest rate hikes. Slowing interest rate hikes will stimulate the price of gold to rebound. Strong interest rate hikes continues the strong US dollar to profit gold prices, and the market will start.

Spot gold xauusd 1 hour map

Technical analysis:

Looking at the 1-hour picture, the price of gold fell near 1632 to obtain a rebound momentum, and once again broke the pressure of 1640-1645. At present The kinetic energy is still rising at 1642 within the day, and the target below is 1660-1675.

Resistance level: 1660.00 1675.00

Support bit: 1642.00 1632.00

Trading strategy: Bullies above 1642.00, target 1660.00 1675.00

Extracting strategy: Watch the decline under 1642.00, target 1632.00 1620.00