Gold: Follow 1780 support

Fundamental analysis:

On Monday (December 12), the market was anxious to wait for the upcoming US November CPI data. The US dollar index fluctuated violently, and finally closed up by 0.08%. Promoted by the results of the US debt auction, the yield of US debt yields was significantly in the US market. Going up, the maximum yield of the ten -year U.S. bonds rose to 3.63%, the two -year US bond yield once exceeded 4.4%, and the spot golden market fell below $ 1780, closing to 0.89%. Today, the US CPI data will be ushered in the November of the United States. This is also the potential vane before the interest rate resolution this week. If the inflation fell further, it would suppress the gold price.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold has obtained obvious support after falling 1780. At the same time, MACD continues to shrink on top of the zero axis, indicating that the market is selected in the direction. The current support continues to pay attention to $ 1780. If you fall below this bit, look at 1765-1750.

Resistance level: 1800.00 1810.00

Support bit: 1780.00 1765.00

Trading strategy: Bullies above 1780.00, target 1800.00 1810.00

Extracting strategy: Watch the decline under 1780.00, target 1765.00 1750.00