Gold: Look at the adjustment under 1815

Fundamental analysis:

On Wednesday (December 14) the Federal Reserve ’s December interest rate resolution, as expected to slow the interest rate hike to 50 basis points, the US dollar index quickly rebounded and strengthened after the decision and policy statement was announced, but then Powell's speech stifled the rebound of the US finger. At the momentum, Powell mentioned that the 50 -basis point of interest rate hikes is still a large range. At the same time, it is believed that the current Fed's actions are very fast. It is believed that the appropriate approach is to slow down the pace of interest rate hikes. The first fell and then rose, and eventually closed down 0.18%. Looking forward to the market outlook, as the Federal Reserve ’s interest rate hike boots landed, the factors of favorable gold in the early stage weakened, and the price of gold did not rule out the turnover trend.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the gold price was obviously obvious at the $ 1815, and at the same time fell below 1800, the recovery trend opened, and the amount of MACD could be flat on the zero axis. The following continues to look at the callback, the target below is 1780-1770.

Resistance level: 1815.00 1825.00

Support bit: 1780.00 1770.00

Trading strategy: Watch the fall under 1815.00, target 1780.00 1770.00

Alternative strategy: Bullies above 1815.00, target 1825.00 1850.00