Gold: Short -term empty empty

Basic face analysis:

On Wednesday (April 19), the Eagle speech of Federal Reserve officials continued to affect the market. Investors raised the Fed's expectations of interest rate hikes, and the US finger and US debt yields further increased. It fell over 50 US dollars than the day, and then recovered the part of the decline again, and went out of the V -type reversal, but it was still limited to the 2000 mark, and finally closed down 0.51%. Looking forward to the market outlook, officials will enter the silent period before the May meeting starting from April 22. The opinions of the remaining time this week will be very important. If more eagle sounds appear, it will trigger the market more. Large -scale raising rate hike expectations.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, after the gold fell below the 1982 support, it quickly increased, but the trend high moved down, and the short -term trend has been biased. At the same time, the MACD volume can continue to volume under the zero axis, and the pressure on the backward adjustment is greater. The upper resistance is concerned about 2012. The support below is concerned about 1970, and the high altitudes and lows are mostly.

Resistance position: 2012 2030

Support bit: 1970 1950

Trading strategy: Deduct below 2012, target 1970 1950

Extracting strategy: Bullies above 2012, target 2030 2050