Gold: Follow support 1822

Fundamental analysis:

On Friday (March 9), the number of unemployed gold was invited in the United States until the beginning of March 4th, and the number of unemployed gold was recorded by 211,000, which was higher than the expected 195,000 people and 190,000 in the previous week. It is less than 200,000, and the number of US -made layoffs this year has reached the highest level in the past 14 years. Affected by this data, the US dollar index fell from a high level in three months, and the spot gold rose sharply, and finally closed up 0.85%, ending the decline of three consecutive trading days. Looking forward to the market outlook, the market's re -pricing of interest rates and non -agricultural employment reports are the focus of the daily days. If the non -agricultural employment report is better than expected to put pressure on gold prices, otherwise the gold price continues to rebound.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold starts the rebound after the first line of 1810 stabilizes and returns to the 1830 mark. MACD shrinks under the zero axis and is about to wear a zero axis. The market is expected to continue the rebound. Look at 1845-1860.

Resistance level: 1845.00 1860.00

Support bit: 1822.00 1810.00

Trading strategy: Bullies above 1822.00, target 1845.00, 1860.00

Extracting strategy: Watch the decline under 1822.00, target 1810.00, 1800.00