Gold: 1767-1785 box shock

Fundamental analysis:

On Thursday (November 17), the monthly retail sales rate in the United States recorded 1.3%, the largest increase since February 2022. The data caused the hopes of the Federal Reserve to turn back. At the same time, the Polish missile explosion cooled down, the market had a decline in market risk aversion, and the spot gold fell from three months to a three -month high. At present, many Fed officials have spoken again to support the continued interest rate hikes. The market has a possibility of steering in the short term. It is necessary to pay attention to whether the gold price will further get rid of the high level.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4-hour chart, the price of gold is in a high-level range at 1767-1785. At the same time, the MACD began to shrink on the zero axis, showing that the market is weakened. At present, it mainly pays attention to the break in the interval. See the callback near 1740.

Resistance level: 1785.00 1800.00

Support bit: 1767.00 1750.00