Gold: Return to Duotou

Basic face analysis:

On the eve of the Fed's interest rate resolution on Tuesday (May 2nd), the data released by the Federal Reserve ’s interest rate showed that the vacancy of Jolts position in March was 9.59 million, the decrease exceeded expected and the lowest in the past two years, showing that the employment market was further cooled, which may help reduce inflation pressure to reduce inflation pressure Essence Affected by this, the U.S. debt yields have declined sharply. Spot gold has benefited from the increase in the hedging demand caused by the US banking crisis and the upper limit of the US debt. It once moved up to $ 2020 and finally closed up 1.72%.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4-hour chart, the gold has broken through 2012 strongly. The wide torrential range of the past few days is broken. The MACD volume can be significantly measured above the zero axis. Continue to look at the bullish, the target above 2030-2045.

Resistance level: 2030 2045

Support bit: 2012 2004

Trading strategy: Bull above 2004, target 2030 2045

Alternative strategy: Below 2004, target 1990 1980