Gold: 1755

Fundamental analysis:

On Friday (November 4), the number of non -agricultural employment population increased by 261,000 after the October quarter, the minimum increase since December 2020, higher than the expected 200,000 people, but below the previous value of 263,000 people Essence After the data was announced, the US index fell below the 111 mark. The spot gold fell first and then rose, rising 40 US dollars within the day, an increase of 2%. The fiery US employment data confirms Powell's view of the "imbalance" of the employment market. Investors are more chaotic about the Fed's next move in the next step, and the price of gold is expected to continue the rebound trend.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold has been supported again after supporting the support near 1617, and the strong pressure of the strong pressure is 1670 in one fell swoop. At the same time, the MACD starts on the zero axis. Nearby, on the top of 1655, the upper target is 1690-1700.

Resistance level: 1690.00 1700.00

Support bit: 1655.00 1640.00

Trading strategy: Bullies above 1655.00, target 1690.00 1700.00

Extracting strategy: Watch the fall under 1655.00, target 1640.00 1625.00