Gold: Follow the 2012 pressure

Basic face analysis:

On Thursday (April 20), macroeconomic data such as the number of unemployed gold and house sales in the United States announced that after the market expectations were inferior to market expectations, the economic recession was concerned about intensifying. The yield of He US debt fell, the spot gold shock rose, and finally closed up 0.58%. Looking forward to the market outlook, the possibility of economic recession increases, often bringing currency tightening, forcing the Fed to end the tightening operation as soon as possible, which is conducive to rising gold prices.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4-hour chart, although gold has risen again, it still maintains a width of 1970-2012. The MACD volume can shrink near the zero axis. The new round of direction needs to be selected. The support below pays attention to 1970.

Resistance position: 2012 2030

Support bit: 1970 1950

Trading strategy: Bullies above 2012, target 2030 2050

Extracting strategy: Deduct below 2012, target 1970 1950