Gold: Focus on the 2000 mark

Basic face analysis:

After the price of gold on Thursday (March 24), when the price of gold was significantly higher, it was facing the pressure of a profit market. In terms of monetary policy, although the Fed continues to raise interest rates by 25 basis points, the deletion of the monetary policy statement deletes that "the continuous improvement of target range is appropriate" has aroused the interpretation of market pigeons. As the market weakens the Fed's expectations of interest rate hikes, it is the gold price market outlook. Walking out of the bull market provides a better environment. In the case of the decline in US debt yields, the cost of holding gold has decreased, and the price of gold often performs well.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, the spot gold has been blocked again near the 2000 mark. The short -term pressure is obvious. MACD still appears more uniformly on the zero axis. The US dollar is a long and short watershed. It is confirmed that it will open a new round of upward space. If you look back at the call back 1960-1940.

Resistance level: 2000 2020

Support bit: 1960 1940

Trading strategy: Bull above 2000, target 2020 2040

Essential strategy: Below the drop below 2000, target 1960 1940