Gold: Return to bulls

Basic face analysis:

On Tuesday (April 11), due to the differences between the Federal Reserve officials and the market inflation data of the market, the US dollar index fell within the day. The spot gold rose sharply, returning above the $ 2,000 mark, and finally closed up by 0.61%. The betting that the market currently cuts interest rate cuts in the Federal Reserve means that the overall inflation must be further declined. If the March CPI annual rate of March announced today is higher than 6%means that the Fed will maintain a high interest rate level for a longer period of time, and gold will bear the pressure; CPI is lower or even lower at 5.1%, and gold may continue to rise.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, after the gold recovery, the rebound stabilized and returned to the 2000 points. At the same time, the MACD volume could re -measure the amount above the zero axis, and the trend returned to the multiple. See near 2030-2050.

Resistance level: 2030 2050

Support bit: 2000 1980

Trading strategy: Bull above 2000, target 2030 2050

Essential strategy: Below the drop below 2000, target 1980 1960