Basic face analysis:
On Friday (March 31), the February PCE report in the United States showed a decline in inflation. The data showed that the annual rate of the core PCE price index was 5.0%, and the 5.1%and the previous value of the far -low market forecast was 5.3%. The rise of the rise again, and the volatile competition was fierce, implying that the price of gold was thrown more than $ 2,000. Looking forward to the market outlook, the market is expected to fall in May in May, and the price of gold is still in a favorable fundamental environment. However, considering that it is less than 100 US dollars from historical highs, it is prone to dishwashing market.
Spot Gold XAUUSD Hour Map
Technical analysis:
Looking at the 1 -hour chart, the spot gold has a rebound at 2000 points. At the same time, the MACD capacity can be significantly reduced relative to the first two waves. There is still a rebound momentum above this position. The pressure above the pressure is near 2000, and the main strategy is mainly high and low.
Resistance position: 1990 2003
Support bit: 1965 1955
Trading strategy: Bull above 1955, target 1990 2003
Alternative strategy: Below 1955, target 1940 1920