Gold: Follow the 1900 mark support

Fundamental analysis:

Monday (January 16) US stocks and US bonds and Martin Luther Gold Right one day. CME's precious metal and US crude oil futures contract transaction ended at 03:30 on the 17th. The US dollar index touched 101.78 in the early trading of Asia City on Monday, the lowest since June 2022, and then rebounded, closing up 0.17%, spot gold rushed up and fell 0.22%. According to the latest data of the CME Fed Observation Tools, the Federal Reserve ’s interest rate resolution raised interest rate hikes on February 1st, and 25 basis points seemed to be on the board, and the probability of interest rate hikes was 93%. Falling, gold still has the opportunity to get the action of action again.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold has a decline near 1930, but it has not changed the trend and a long pattern. At the same time, the amount of MACD capacity can still be in a state of medium -sized volume. Following the 1900 line, on the 1900, it is still the most important thing, with the target 1920-1930.

Resistance level: 1920.00 1930.00

Support bit: 1900.00 1880.00

Trading strategy: Barrow on 1900.00, target 1920.00 1930.00

Alternative strategy: Watch the fall under 1900.00, target 1880.00 1870.00