Gold: Enter the high -level box

Basic face analysis:

On Thursday (March 16), the European Central Bank continued to raise interest rate hikes 50 basis points regardless of the banking crisis, which caused the market to guess the Fed's trend next week. After the resolution was announced, it once dived from daily high by more than 20 US dollars, and then recovered the part of the loss and closed up by 0.03%. Looking into the market outlook, although the European Central Bank raised interest rates, the liquidity crisis of the banking industry has not been lifted, and the good logic of gold prices has not changed much. Pay attention to the opportunity to adjust.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4-hour chart, the spot gold enters the consolidation at a high level. The MACD still maintains a relatively uniform amount on the zero axis. The multi-head trend is still preferred. Break down 1907 to see 1885-1860.

Resistance position: 1937 1950

Support bit: 1907 1885

Trading strategy: Bull above 1907, target 1920 1940

Extracting strategy: Bull above 1907, target 1885 1860