Gold: Continue upward
Basic face analysis:
The actual GDP and "small non -agricultural" data released in the second quarter announced on Wednesday (August 30) were not as expected, which helped reduce the pressure of the Federal Reserve to further raise interest rates. In low, the spot gold has gone up for 3 consecutive days and closed up by 0.26%.
Spot gold xauusd four hours
Looking at the 4-hour chart, gold continues to rise above 1935. At one time, it touched near 1950. The MACD volume could be measured on the zero axis. The short-term trend was still in the short-term trend. It supported the attention near 1935. The resistance was near 1955-1970.
Resistance position: 1955 1970
Support bit: 1935 1925
Trading strategy: Bull above 1935, target 1945 1960
Alternative strategy: Below 1935, target 1925 1910
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