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Gold: Surging Organization

Basic face analysis:

According to data released by the Federal Reserve on Friday (September 8), driven by the rebound of real estate value, the surge in the stock market has promoted a record high of more than 154 trillion US dollars in the second quarter. The soaring surge has brought unexpected boosters to the dollar. The price of gold has fallen below $ 1920 for the first time in a week.

Spot gold xauusd four hours

Technical analysis:

Looking at the 4-hour chart, the gold rebound near 1930 is blocked again. MACD shrinks under zero axis, and the short-term trend enters consolidation. It supports attention near 1915.

Resistance position: 1930 1940

Support bit: 1915 1905

Trading strategy: Bull above 1915, target 1930 1940
Alternative strategy: Below 1915, target 1905 1895

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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