Gold: Support attention 1966

Basic face analysis:

On Monday (March 20), the market is still expected to raise interest rates on Thursday to raise interest rates on Thursday, but UBS has leaked to acquire Creditses. In addition, the Fed and the five major central banks will conduct liquidity operations to prevent the crisis from spreading. Emotions have faded, and the gold price staged a "roller coaster" market. It once broke the 2,000 US dollars in the market, and then fell at a high level, and finally closed down 0.47%. Looking forward to the market outlook, the market will usher in the March interest rate resolution of the Federal Reserve, and the Fed will consider the risk of hikes when the potential banking crisis and economic recession worry about reappearing.

Spot Gold XAUSD four -hour chart

Technical analysis:

Looking at the 4 -hour chart, the spot gold high is high and falls, and eventually it is blocked at the 2000 mark, but MACD still maintains a significant volume on the zero axis, and the multi -heading trend is still dominant. Continue to watch near the 2000 mark.

Resistance position: 1995 2010

Support bit: 1966 1940

Trading strategy: Bull above 1966, target 1995 2010

Alternative strategy: Below 1966, target 1940 1920