Gold: 1661-1682 boxes shock

Fundamental analysis:

On Wednesday (October 12), the FOM's FOMC meeting minutes showed that restricted policies would be maintained, but several participants believed that the Fed's tightening policy was required to alleviate risks. It seems to be aware of the risks brought about by radical interest rate hikes, which are interpreted as pigeons by the market. After the announcement of the Minutes, the gold rose exceeded the $ 1678/ounce, and closed up 0.48%. The latest country in September provides the latest evidence that inflation pressure is fading. If the CPI data shows that the inflation pressure is falling, it is expected to support the gold price rebound.

Spot gold xauusd 1 hour map

Technical analysis:

Looking at the 1-hour chart, the gold price obtained a support rebound at the front line of 1660, and the blocking drop again near 1680. MACD continued to shrink from the zero axis, showing that the multi-headed trend has weakened. At present In the box, the vibration is mainly based on the vibration.

Resistance level: 1682.00 1700.00

Support bit: 1661.00 1640.00

Trading strategy: Bullies above 1682.00, target 1700.00 1720.00

     

Extracting strategy: Watch the fall under 1682.00, target 1661.00 1640.00