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Gold: Support attention 1800-1812
2022-12-22
1452
Fundamental analysis:
On Wednesday (December 21)), the market fluctuated in the Christmas holidays, and the US economic data was half -mixed. Essence Another reason for the recent promotion of gold prices is the yen. The yen soaring has disrupted the rhythm of the market fluctuations before the holiday. Whether the gold price can continue to rise later still needs to pay attention to the trend of the yen.
Spot gold xauusd 4 -hour chart
Technical analysis:
Looking at the 4 -hour chart, the price of gold continues to strengthen at the 1800 mark, and it is highly tidy at a high level. At the same time, the MACD amount can continue to be released above the zero axis. The market still maintains the bulls. As of nearly $ 1812, the two supports continued to watch within the day, and the target above was 1825-1835-1850.
Resistance level: 1825.00 1835.00
Support bit: 1812.00 1700.00
Trading strategy: Bullies above 1800.00, target 1825.00 1835.00
Qualification Strategy: Watching under 1800.00, target 1785.00 1770.00
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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