CM Trade

Download APP to receive bonus

GET

Gold: Maintain wide shock

2023-04-27
1066
Basic face analysis:

On Wednesday (April 26), it is reported that the US government is currently reluctant to take intervention measures for first and banks. Its financially reported the concerns of the market's concerns about the banking crisis, which led the market expectations to increase interest rates in May in May. In addition, economic data shows that higher borrowing costs and unclear economic prospects are suppressing capital investment. The US finger decline, and spot gold has been supported by the support of economic recession. After the rise, the Guoshan and Quotes finally fell 0.39%.

Spot Gold XAUSD four -hour chart



Technical analysis:

Looking at the 4-hour chart, the gold maintains the width of 1970-2012. The MACD volume can shrink near the zero axis. The market needs to be selected in the direction. 1950-1920, mainly high and low in the interval.

Resistance position: 2012 2030

Support bit: 1970 1950

Trading strategy: Bull above 1970, target 2012 2030
Alternative strategy: Below the drop below 1970, target 1950 1930

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More