Gold: rebound 1885 blocked

Fundamental analysis:

According to data released on Thursday (February 9), the number of people applying for unemployment funds in the United States has increased, but it is still less than 200,000. The performance of this data has been interpreted as a sign of the recovery of the labor market. "Putting the Eagle" and the alarm released by the bond market, the market has a huge shock, the US dollar index falls first, and the US debt yields have soared, and the spot gold is high. Facing the strong employment data and the performance of ISM, the market has worried about the decline in the Fed's further interest rate hike.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4-hour chart, the price of gold rebounded again 1885 to be blocked and fell. To confirm the resistance for multiple rebounds, the short-term market entered one to increase the return. The short-term short trend continued. nearby.

Resistance level: 1885.00 1900.00

Support bit: 1850.00 1830.00

Trading strategy: Watch the fall under 1885.00, target 1850.00 1830.00

Alternative strategy: Bullies above 1885.00, target 1900.00 1920.00