Gold: Continue the decline
Basic face analysis:
A series of super -expected data released on Wednesday (September 6) shows that the demand and overall economy of American consumers are still strong, but inflation may be at high for a long time. The US debt yields collectively risen, spot gold has been hit again, and it has recorded a decline in 5 consecutive trading days.
Spot gold xauusd four hours
Looking at the 4-hour chart, gold has fallen further to near 1915. The market continues to fall. The resistance is concerned about 1923-1930, and supports attention near 1905-1895.
Resistance position: 1923 1930
Support bit: 1905 1895
Trading strategy: Below 1923, target 1930 1945
Extracting strategy: Bull above 1923, target 1905 1895
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