简体中文
ภาษาไทย
繁體中文
Indonesia
Gold: resistance moved down 1992
2023-05-18
1011
Fundamental Analysis.
Wednesday (May 17) because of Biden's commitment to the debt ceiling, stronger than expected U.S. economic data and hawkish comments from some Fed officials, the U.S. index approaching a seven-week high, U.S. bond yields continue to rise, spot gold once broke below the 1980 mark during the day, closing down 0.37%. Looking ahead, the debt ceiling issue is about to be resolved, for the U.S. index to form a new phase of good, gold prices will remain under pressure.
Spot gold XAUUSD four-hour chart
Brief technical analysis.
4-hour chart, gold continues to weaken under 2000 points, MACD volume under the zero axis discharge, the market trend continues to fall, the current resistance moved down to 1992 near, under the level continue to bearish 1970-1950 near.
Resistance:1992 2000
Support level:1970 1950
Trading strategy: 1992 bearish below, target 1970 1950
Alternative strategy: 1992 bullish above, target 2030 2050
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
