Gold: Falling into interval shock

Fundamental analysis:

On Wednesday (December 7) the US dollar index fell slightly, once lost the 105 mark, the US debt yield fell collectively. It exacerbated the concerns of investors' decline. Putin said that the risk of nuclear war was rising, and the spot golden market touched $ 1790 upward, closing up 0.85%. Before the Federal Reserve ’s interest rate resolution next week, on the one hand, the Fed’ s interest rate is expected to strengthen, and on the other hand, it is concerned about reunion.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold surrounds 1785, and at the same time, the MACD will shrink near the zero axis, indicating that the market may enter a narrow shock trend. The current resistance will follow 1800, and supports 1765.

Resistance level: 1785.00 1800.00

Support bit: 1785.00 1770.00

Trading strategy: Watch the decline under 1785.00, target 1770.00 1755.00

Extracting strategy: Bullies above 1785.00, target 1800.00 1820.00