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Gold: Like the upper look at 1982

2023-04-19
1006
Basic face analysis:

On Tuesday (April 18), the Fed's Brad spoke to support the raising interest rate to 5.75%. Under the influence of the hawk, the gold was adjusted to the 1990 mark. Essence Looking forward to the market outlook, there is no particularly obvious heavy economic data today. It mainly focuses on the overall risk appetite of the market.

Spot Gold XAUSD four -hour chart



Technical analysis:

Looking at the 4 -hour chart, gold continues to fluctuate around $ 2,000. At the same time, the MACD capacity can start through the zero axis, and the recovery demand still exists. At present, the support is near 1982. At the same time, the pressure above is near 2045. Breaking 1982, look around 1960-1940.

Resistance level: 2030 2050

Support bit: 1982 1960

Trading strategy: Bull above 1982, target 2030 2045
Alternative strategy: Below 1982, target 1960 1940

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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