Gold: 1830 support is valid

Fundamental analysis:

On Thursday (March 3), the number of people invited at the beginning of the United States at the beginning of the week fell again, indicating that the labor market continued to strengthen, which may promote the Federal Reserve to continue to raise interest rates. After the data was announced, the US dollar index rebounded Continue to rise above the 4%mark, the spot gold range shook, and finally a slight closure of 0.04%. Looking forward to the market outlook, when the trend of the US dollar is bullish, the decline of gold prices may be difficult to last.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the support of the gold price is obvious after 1830. It rebounds to the place again. The MACD is in a uniform volume state above the zero axis. Looking around 1850-1860, if it falls below 1830, look around 1805-1790.

Resistance level: 1850.00 1860.00

Support bit: 1820.00 1805.00

Trading strategy: Bullies above 1830.00, target 1850.00 1860.00

Alternative strategy: Flinds above 1830.00, target 1805.00 1790.00