Gold: Support Follow 1895

The February CPI data announced on Tuesday (March 14) meets expectations, but the core service of the deduction of housing has a 5 -month high of 5 months. The rate rebounded, the spot gold was suppressed, and the four consecutive consecutive rose, 0.51%closed. Looking forward to the market outlook, considering that the bankruptcy of Silicon Valley Bank may continue to affect market emotions in the short term, the Fed may not have more hawks operations, or the yields of US dollars and US debt are softened. Gold prices are expected to take this opportunity to further rise.

Spot gold xauusd 4 -hour chart

Looking at the 4-hour chart, the strong rise in gold prices came to an end, and began to enter a high stagnation up and consolidated. After the fall of 1895, the rebound to form a short support. MACD maintained a relatively large volume on the zero axis. The trend of the upper head is unchanged, and the rise of 1920-1950.

Resistance level: 1920.00 1850.00

Support bit: 1895.00 1886.00

Trading strategy: Bullies above 1895.00, target 1920.00   1950.00

Extracting strategy: Watch the decline under 1895.00, target 1886.00   1860.00