Gold: Follow the 2005 support gains and losses

Basic face analysis:

On Wednesday (April 5th), the "small non -agricultural" data of March and non -manufacturing PMI data for March to help the market worry about the slowdown in the economy and stimulate the betting that the Fed may slow down. Gold continued to refer to a new high since March last year, and eventually rushed to fall. Most of the increase in the day, barely closed up by 0.01%. Looking forward to the market outlook, the trend of gold prices is difficult to reverse in the short term, and it is still an opportunity after short -term adjustment.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, gold continues to rise above 2005. At the same time, at the same time, the front line of 2030 is resisting. The amount of MACD can continue to maintain a uniform state. The market is still in a strong and long stage. 2040-2060.

Resistance position: 2040 2060

Support bit: 1980 1960

Trading strategy: Bull above 2005, target 2040 2060

Alternative strategy: Below below 2005, target 1980 1960