Gold: Strong break

Fundamental analysis:

On Tuesday (December 13), the US CPI data in November was lower than expected, and the Federal Reserve will slow down this week. According to the city's market, the city's market has fluctuated sharply. The diving rate of US dollars and US debt yields boosted gold prices. Spot gold rose more than $ 40 at the beginning of the US market. It was the first time since June 30, which stood at US $ 1820, and finally closed up 1.65%. Regarding the Federal Reserve interest rate resolution on Thursday early on Thursday, the market is still expected to raise interest rates from 50 basis points in the Federal Reserve.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold has obtained obvious support again after falling 1780, and broke the front high 1810 in one fell swoop. At the same time, MACD began to make measurement on the zero axis, indicating that the market is expected to continue to rise. The support continues to look at the bullish, with the target above 1825-1850.

Resistance level: 1825.00 1850.00

Support bit: 1800.00 1780.00

Trading strategy: Bullies above 1800.00, target 1825.00 1850.00

Extracting strategy: Watching under 1800.00, target 1780.00 1765.00