Gold: support moves up to 1805

Fundamental analysis:

On Friday (December 30) investors weighed the prospects of the Fed's continued tightening and the impact on the economy. The US dollar index continued to fall, hitting a new low year, closed down 0.47%, and the spot gold re -stood on the 1820 mark on Friday, closing up 0.49%. Spot gold closed slightly by about 0.3%in 2022 to the front line of $ 1825/ounce. The annual line showed no successful cross stars. Gold regretted the historical price of $ 2074 in March. $ 450 or 24.8%.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4-hour chart, the price of gold is further launched above 1796. The MACD volume can start slightly on top of the zero axis. The current support is further moved to near 1805.

Resistance level: 1820.00 1835.00

Support bit: 1796.00 1785.00

Trading strategy: Bullies above 1805.00, target 1820.00 1835.00

Extracting strategy: Watching under 1805.00, target 1785.00 1760.00