Gold: Power Movement 1865

Fundamental analysis:

On Monday (February 13), the strong economic data of the United States and Federal Reserve frequently published a hawk word, which stimulated the Federal Reserve ’s interest rate hike expectation to rise again, and the US dollar picked up gold and compressed. The market focuses on the CPI data of today (February 14), which will have a significant impact on the trend of the US dollar and gold prices. If the US CPI and the inflation data in January in January increased from the previous months, the market will re -pay attention to the Federal Reserve ’s interest rate hike. Continue to rise, and the golden gold; otherwise, the market concerns slows down, and the US dollar may turn around again to facilitate gold.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold is blocked again at 1865, and the MACD is also uniformly put under the zero axis, showing that the market continues to be weak, the short trend continues, and the resistance is moved down 1865. Under this bit, it continues to look at the drop. The target below 1830 -1830.

Resistance level: 1865.00 1885.00

Support bit: 1850.00 1830.00

Trading strategy: Watch the fall under 1865.00, target 1830.00 1820.00

Alternative strategy: Bullies above 1865.00, target 1885.00 1900.00