Gold: Focus on 2000 points

Basic face analysis:

On Thursday (April 6), the Fed's balance sheet shrinks again, and the banking crisis may come to an end. The Golden Cash on the market fell to the $ 2010 mark and once to $ 2,000, but finally recovered some of the land and closed down 0.63%. Looking forward to the market outlook, the latest announcement of non -agricultural reports is close to expectations. The Federal Reserve ’s interest rate hike expects to soar rapidly. The yield of US fingers and US debt has risen, and the price of gold is facing the risk of recovery of fundamentals and technological pluys.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4-hour chart, gold fell to near 2000 points after the 2030 line was blocked. At the same time, the MACD volume could start to turn his head and shrink, increase the pressure on the recovery, and focus on the gains and losses of the 2000 front line.

Resistance level: 2030 2050

Support bit: 2000 1980

Trading strategy: Bull above 2000, target 2020 2040

Essential strategy: Below the drop below 2000, target 1980 1960