Gold: Follow the 1970-2012 range

On Tuesday (April 25), it was only a week before the Fed's next discussion meeting, but the market reappeared accidents. At the same time, the US bank crisis was re -ignited. In interest rate hikes, spot gold was boosted by the demand for risk aversion. Looking forward to the market outlook, as the Federal Reserve ’s May’ s interest rate resolution is approaching, Fed officials have now entered a screaming period, and they need to focus on the impact of various economic data on gold prices.

Spot Gold XAUSD four -hour chart

Looking at the 4-hour chart, gold rebounded further above 1970, maintaining a wide-scale organizational pattern. The MACD volume can shrink under the zero axis. -1920, high -throw and low suction in the interval.

Resistance position: 2012 2030

Support bit: 1970 1950

Trading strategy: Bull above 1970, target 2012 2030

Alternative strategy: Below the drop below 1970, target 1950 1930