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Gold: Continuing finishing

Basic face analysis:

On Monday (September 5), due to the US Labor Day holiday, US stocks and US bonds were closed for one day. The market transaction was light, and the spot gold was sorted in a narrow range, and finally a slight closing of 0.07%. Looking forward to the market outlook, after the PCE price index and non -agricultural data were released, the gold price continued to attack 1950 continuously, and the possibility of technical correction increased the possibility of technical correction.

Spot gold xauusd four hours

Technical analysis:

Looking at the 4-hour chart, gold is sorted out in 1935-1950, the market continues to fluctuate, supports attention near 1935, and the resistance is close to 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.

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