Gold: Support is located in 1963

Basic face analysis:

On Tuesday (March 28), due to the market's concerns about the banking crisis, the US dollar index closed for three consecutive days. The spot gold recovered most of the land on Monday, and returned to the top 1970, and finally closed up 0.87%. Looking forward to the market outlook, as the Federal Reserve has entered the end of interest rate hikes, the market began to expect that monetary policy will return to loosening. If the banking crisis is further fermented, it will continue to stimulate risk aversion, and the rising trend of gold price will continue.

Spot Gold XAUUSD Hour Map

Technical analysis:

Looking at the 1 -hour picture, spot gold has supported high support near 1945. During the recovery process, a counterattack dual bottom bottom is formed. MACD has a small amount on the zero axis. Looking at the bullish, the target is near 1980-2000.

Resistance position: 1980 2000

Support bit: 1963 1945

Trading strategy: Bull above 1963, target 1980 2000

Alternative strategy: Below 1963, target 1945 1920