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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

Technical analysis:

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

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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