Gold: Support 1785 effective

Fundamental analysis:

On Friday (December 2), the non -agricultural employment population increased by 263,000 after the November quarterly. After the data was announced, the US index continued to rise to the top of the 105 mark. The short -term gold of the spot continued to decline, falling below the 1780 mark, and then V -shaped reversal, and eventually closed a slightly down 0.3%. The number of non -agricultural employment exceeds the expected to encourage the Fed's eagle position, but considering Powell's earlier pigeon argument, the Federal Reserve still has a large uncertainty in the next move, and the trend of gold prices is still variable.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold fell deep to 1780 and then broke out. At the same time, MACD shrinks near the zero axis, indicating that the market is selected in the direction, and the consolidation shock is obvious. The current support 1785 is confirmed again. Continue to look at the bullish, the above target 1800-1820.

Resistance level: 1800.00 1820.00

Support bit: 1785.00 1770.00

Trading strategy: Bullies above 1785.00, target 1800.00 1820.00

Extracting strategy: Watch the decline under 1785.00, target 1770.00 1755.00