Gold: Like the upper look at 1950

Basic face analysis:

On Wednesday (March 22), the Federal Reserve raised interest rate hikes 25 basis points at the interest rate meeting, but the terminal interest rate remained unchanged and gave up the promise of "continuous interest rate hikes". Therefore Founded, US Treasury Secretary Yellen claimed that he would not consider expanding the scope of federal deposit insurance. This statement caused the market risk aversion to heating up again. The spot gold rose by more than 2%for a time, and finally closed up 1.52%. As the Federal Reserve's "pigeon faction" is expected to land, the price of gold is regaining the rise, which is expected to continue the bulls.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, the spot gold came out of the "V" rebound. After falling below the 1966 support, it quickly decreased. Then all the replenishment fell and recovered above 1966. Nearby, maintained a bullish above 1950, target near 1980-2000.

Resistance position: 1980 2000

Support bit: 1950 1930

Trading strategy: Bull above 1950, target 1980 2000

Alternative strategy: Drink below 1950, target 1930 1900