Gold: Resistance Follow 1865

Fundamental analysis:

On Tuesday (February 14), the United States CPI data showed that the monthly rate of CPI recorded by the United States after January was recorded by 0.5%, the largest increase since June 2022, indicating that American inflation is more stubborn than market expectations. After the data is announced, the data is announced. The peak of policy interest rates in the Fed in July 2023 will reach 5.27%of the Fed's July 2023, and at the same time, the expectations of 25 basis points in 2023 will decrease. The spot gold has a large volatility during the US market. After its short -term bottoming, it jumped more than 20 US dollars, and once touched the 1870 mark, but then fell again, and once fell below the 1850 mark, and finally closed up by 0.04%.

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 has a slight reduction under the zero axis. The short -term market continues to be weak. The short trend continues. The current resistance continues to pay attention to 1865. Target near 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