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Gold: Three days in a row
2023-08-24
332
Basic face analysis:
On Wednesday (August 23), due to the deterioration of PMI data in Europe and the United States, US commercial activities are close to stagnation. %.
Spot gold xauusd four hours
Technical analysis:
Looking at the 4-hour chart, gold exceeds the 1910 mark in a drum. The MACD volume can be measured on the zero axis. The short-term trend is strong, supporting the upper move near 1913-1907, and the resistance is near 1930-1940.
Resistance position: 1930 1940
Support bit: 1913 1907
Trading strategy: Bull above 1913, target 1930 1940
Alternative strategy: Below 1913, target 1907 1895
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