Gold: 1785 support

Fundamental analysis:

On Thursday (December 1), the latest PCE index fell to the lowest level during the year, and the expected heating up to the Fed slowly raised interest rates. The US dollar index fell below 105. It is a new low since August. From the base point to 3.50%, the yield of US dollars and US bonds sharply boosted the price of gold. The spot gold station was on the $ 1,800, which was the first time since August 15th, which was over 30 US dollars higher than the daily low, and closed up 1.97%. During the day, the number of new non -agricultural and unemployment rates will be announced. If the number of newly -added people's number of agricultural performances and the unemployment rate will further rise to 4.0%, it is expected that it will continue to provide mobile motivation for gold prices.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold continues to rise above 1760. At the same time, MACD continues to measure the amount of zero axis, showing that the market is expected to further rise. The current support has moved to 1785. 1800-1820.

Resistance level: 1800.00 1820.00

Support bit: 1785.00 1770.00

Trading strategy: Bullies above 1785.00, target 1800.00 1820.00

Extracting strategy: Watch the decline under 1785.00, target 1770.00 1755.00