Gold: Termination continuous rising
Basic face analysis:
On Thursday (August 31st) on Thursday, the core PCE price index favored by the Federal Reserve grew moderately as scheduled, but the personal consumption expenditure adjusted by inflation increased the expected growth month -on -month. The closing of the 1940 US dollars was lost, and the closure of 0.13%was closed.
Spot gold xauusd four hours
Looking at the 4-hour chart, the gold rebound near 1948 fell again. The amount of MACD can be maintained on the zero axis. The short-term trend is still long. It supports the attention near 1935. The resistance is close to the top 1955-1970.
Resistance position: 1955 1970
Support bit: 1935 1925
Trading strategy: Bull above 1935, target 1945 1960
Alternative strategy: Below 1935, target 1925 1910
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