Gold: 1780-1800 interval consolidation

Fundamental analysis:

On Monday (December 19) Investors were worried that the tightening of the Fed's monetary policy may cause the US economy to fall into a decline. The US finger once again closed down under the 105 mark. 12 basis points to 3.60%, the two -year US bond yield rose 8 basis points to 4.26%, the inverted curve of the US debt yield curve of the 2/10 period was narrowed to more than 67 basis points, but it still indicates that the market is about to recession. Worried, the spot gold was lost slightly by 0.3%.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold starts the rebound above the support of 1780, and at the same time hindered at the 1800 line. At present, a narrow range is formed. At the same time, the MACD volume can still be under the zero axis. The market is facing the direction choice. At the same time, pay attention to the suppression of 1800 above, and it is treated with narrow shocks before the interval.

Resistance level: 1800.00 1815.00

Support bit: 1780.00 1765.00

Trading strategy: Bullish under 1780.00, target 1800.00 1815.00

Extracting strategy: Flinding above 1780.00, target 1765.00 1750.00