Gold: upper consolidation of 1920

Fundamental analysis:

As a "Super Central Bank Week" on Monday (January 30), the market is still the most concerned about the Fed's dynamics this week. Although the market still bets on the Federal Reserve on Thursday, it will slow down the interest rate hike to 25 basis points, but the "Federal Reserve mouthpiece "The latest article states that the overheated labor market may exacerbate US inflation concerns. After the US dollar index fell to 101.66, it rebounded and recaptured the 102 mark again, closing up 0.34%. As the US dollar continued to rise, gold was forced to 1920 US dollars. , Finally closed down 0.23%.

Spot gold xauusd 4 -hour chart

Technical analysis:

Looking at the 4-hour chart, the price of gold is maintained above 1920. The MACD capacity can wear the zero axis under the start of the zero axis, display the market or enter the adjustment. The current focus still pays attention to support near 1920. Nearby, falling below 1920 to see near 1900.

Resistance level: 1940.00 1950.00

Support bit: 1920.00 1900.00

Trading strategy: Bullies above 1920.00, target 1950.00 1970.00

Qualification Strategy: Watch the fall under 1920.00, target 1900.00 1880.00