Gold: Power Movement 1850

Fundamental analysis:

On Wednesday (February 15), the US retail sales rate of US retail sales in January, known as "horror data", recorded 3%, the largest increase since March 2021. It once again indicates that the US economy may be overheated and inflation is difficult to decrease in the short term. The US dollar index rose sharply, and the session exceeded the 104 mark. For the first time since January 6, the spot gold rushed up and fell, and the decline was nearly 30 US dollars, and finally closed down 0.99%. This data highlights the Fed's control of inflation or it takes longer, which has continued to increase the market's expectations of the Federal Reserve's interest rate hikes, boosted the yield of US dollars and US debt, and the downward pressure on the market market still existed.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold is blocked again at 1860, and MACD is in a state of volume under the zero axis. The short -term market continues to be weak. The short trend continues. Near 1820-1800.

Resistance level: 1850.00 1865.00

Support bit: 1820.00 1800.00

Trading strategy: Watching under 1850.00, target 1830.00 1820.00

Alternative strategy: Bullies above 1850.00, target 1885.00 1900.00