Gold: 1700-1729 high shock

Fundamental analysis:

On Thursday (October 6), a number of Federal Reserve officials continued to make eagle remarks. The president of the IMF called for interest rate hikes to persist in the end. The 112 mark on the US finger station, and the spot gold finally closed down by 0.11%. Non -agricultural employment data in the United States in September will be announced today. If the data continues to perform strongly, the price of gold may still return to the decline; if the data is not as expected, or the gold price will rebound further.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold rebounded again to the front high point 1729, which occurred and fell, and formed a secondary obstruction. The MACD reduced slightly above the zero axis, showing that the multi -headed trend weakened. The current support is mainly concentrated on the 1700 line, and the upper resistance is 1729, forming a short -term box.

Resistance level: 1730.00 1750.00

Support bit: 1703.00 1675.00

Trading strategy: Bullies above 1700.00, target 1730.00 1750.00

Qualification Strategy: Watch the fall under 1700.00, target 1675.00 1660.00