Gold: High -level width shock

Basic face analysis:

On Wednesday (April 12), the market sentiment was boosted due to the declined CPI data that had fallen expected, and the "roller coaster" market appeared in the spot gold disk. First, it rushed to the daily high of 2028 before the US market, and then vomited most of the increase in increases. Because the Fed began to predict a moderate decline in the US economy, the gold recovered part of the land was lost, and it was up to the top of the 2010 mark, and finally closed up by 0.56%. Looking forward to the market outlook, the US dollar has weakened, and the long -term bullish trend of gold remains unchanged, and the short -term driver is temporarily insufficient.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4-hour chart, gold fluctuates above 2000 points. At the same time, the MACD volume can regain the amount above the zero axis. The trend is overall. The current support has been moved near 2005. Essence

Resistance level: 2030 2050

Support bit: 2000 1980

Trading strategy: Bull above 2005, target 2030 2050

Alternative strategy: Below below 2005, target 1980 1960