Gold: Undear under 1900

Fundamental analysis:

The non -agricultural data explosion announced on Friday (February 3), showing a strong performance. The U.S. unemployment rate does not increase and decrease, hitting a new low for more than 50 years, and the slowdown in salary growth is less than expected. Employment data is currently one of the most concerned indicators for the Federal Reserve. Non -agricultural data that is surprising may weaken the Fed's anti -inflation efforts. After the announcement of non -agricultural data, it has reduced the betting of the Federal Reserve interest rate cut in 2023. It is expected that the Federal Reserve's policy interest rate peak in June is 5%. The U.S. fingers soared by more than 100 points, a new high of 3 weeks, and US debt yields have soared. The spot gold has fallen below the 1900 US dollars, the largest single -day decline in the past 8 months.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4 -hour chart, the price of gold fell below the 1900 US dollars at a high level, and the short trend was strong. At the same time, the MACD was in a rapid volume under the zero axis, showing that the market entered the short trend. At present, the strong support 1900 has been transformed into resistance. The short-term pressure is near 1880, and the target below is 1860-1840.

Resistance level: 1880.00 1900.00

Support bit: 1860.00 1840.00

Trading strategy: Watch the decline under 1900.00, target 1860.00 1840.00

Alternative strategy: Bullies on 1900.00, target 1920.00 1950.00