Gold: 1770

Fundamental analysis:

The risk emotions improved on Thursday (December 8th), the US dollar and US debt yields trended, the US dollar index was weak, below the 105 mark, US debt yields rebounded, 10 -year US debt yields rose 10 basis points with a maximum of 10 basis points and 10 basis points and 10 basis points and 10 basis points and 10 basis points and 10 basis points and 10 basis points and 10 basis points with 10 -year bonds and 10 basis points and 10 basis points with 10 -year bond yields and 10 basis points. Return to 3.50%, spot gold exceeded the $ 1790 mark at the beginning of the US market, and finally closed up 0.17%. The key driver factor of the last trading day this week is to see the data of consumers' confidence in the American PPI and Michigan University of Michigan. Optimistic data may continue to stimulate the market to bet on its eagle policy and make the price of gold face risks.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4-hour chart, the price of gold has been high after being supported above 1770. At the same time, MACD starts to make measurement above the zero axis, indicating that the market is expected to return to the trend of upward. The current support is concerned about 1770.

Resistance level: 1805.00 1820.00

Support bit: 1770.00 1755.00

Trading strategy: Bullies above 1770.00, target 1805.00 1820.00

Qualification Strategy: Watch under 1770.00, target 1755.00 1740.00