CM Trade

Download APP to receive bonus

GET

Gold: Broad -up shock

2023-09-03
449
Basic face analysis:

On Friday (September 1) in August, non -agricultural slightly exceeded expectations, but the unemployment rate rose unexpectedly, and the growth rate of salary also slowed. The possibility of going out of the Federal Reserve this year is less likely to raise interest rates again. After the release of non -agricultural release, gold rose first, then a width shock, and finally closed up by 0.05%.

Spot gold xauusd four hours



Technical analysis:

Looking at the 4-hour chart, after the gold rose to 1950, it was blocked and fell. It stopped falling again in supporting 1935, the market entered the shock, supporting attention near 1935, and the resistance attention was near 1950-1960.

Resistance level: 1950 1960

Support bit: 1935 1925

Trading strategy: Bull above 1935, target 1950 1960
Alternative strategy: Below 1935, target 1925 1910

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More