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Gold: Broad -up shock

2023-04-23
1137
Basic face analysis:

On Friday (April 21), the United States announced in April Markit manufacturing PMI and the service industry PMI Double Excellence expectations, which once again boosted the yield of US dollars and US debt. To the top of 1980. Looking forward to the market outlook, the economic slowdown is concerned that the heating up the prospect of interest rate hikes has hindered the rise of US fingers in the later period, and it still plays a positive role in gold.

Spot Gold XAUSD four -hour chart



Technical analysis:

Looking at the 4-hour chart, gold fell again at the 2000-point gate at a high level, maintaining a wide-scale organizational pattern. The MACD volume can continue to measure under the zero axis. 1950-1920.

Resistance position: 2012 2030

Support bit: 1970 1950

Trading strategy: Deduct below 2012, target 1970 1950
Extracting strategy: Bullies above 2012, target 2030 2050

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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