Gold: The trend returns to rise

Basic face analysis:

On Thursday (March 30), the Federal Reserve Pigeon faction continued to suppress the US dollar, and the market focus returned to the haze of the banks of the United States. The process of the process accelerated, the US dollar index fell sharply, and finally closed down 0.46%. The spot gold rushed to the 1980 US dollars and closed up 0.8%. Looking forward to the market outlook, the expectations of the Fed's pigeon faction continue to dominate the US dollar trend, and the vulnerable dollar will bring support for gold prices.

Spot Gold XAUUSD Hour Map

Technical analysis:

In the 1-hour chart, spot gold further increased the pressure of 1970-1975 in succession, and the trend turned. MACD was uniformly put on the zero axis. The current support is concerned about the 1970-1975 area.

Resistance position: 1990 2003

Support bit: 1970 1960

Trading strategy: Bull above 1970, target 2000 2020

Alternative strategy: Drink below 1970, target 1960 1940