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Gold: Continuing finishing

Basic face analysis:

On Monday (September 11), the People's Bank of China raised it, the Japanese yen rose to 10,000 points, the US finger fell from the 105 mark, the US debt yield maintained a range of shocks, and the spot gold rose first. Unsuccessful, finally closed up 0.11%. Looking forward to the market outlook, CPI data is the top priority, and it will once again determine the Monetic policy trend of the Federal Reserve, and the price of gold is about to usher in the direction.

Spot gold xauusd four hours

Technical analysis:

Looking at the 4-hour chart, the gold rebounded again near the 1930 again. The MACD shrinks under the zero axis, and the short-term trend enters consolidation. The support continues to pay attention to near 1915.

Resistance position: 1930 1940

Support bit: 1915 1905

Trading strategy: Bull above 1915, target 1930 1940
Alternative strategy: Below 1915, target 1905 1895

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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