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Gold: Support Move 2025

2023-04-14
1181
Basic face analysis:

On Thursday (April 13), due to the cooling of PPI, the weak US economic data exacerbated the betting of the market for the Fed's upcoming interest rate hike. The highest historical price of history is about $ 30, and finally closed up 1.25%. Looking forward to the market outlook, Fed's loose policy prospects, global "going to the United States", and hedge uncertainty will bring a steady stream of buying demand for gold.

Spot Gold XAUSD four -hour chart



Technical analysis:

Looking at the 4-hour chart, the gold further goes up and breaks 2030. At the same time, the MACD volume can continue the volume above the zero axis. The trend is strong and obvious. The current support has been moved near 2025.

Resistance level: 2030 2050

Support bit: 2000 1980

Trading strategy: Bull above 2025, target 2060 2070
Alternative strategy: Dexcar below 2025, target 2000 1980

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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