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ทอง: รั้นเหนือ 1770
2022-08-09
1456
A brief analysis of the fundamentals:
On Monday (August 8), U.S. consumer inflation expectations dropped sharply, indicating that the CPI data this week may not soar, and the Fed’s interest rate hike expectations have cooled. The US dollar fell to the 106 mark, and the spot gold fluctuated upwards, approaching US$1,790, and finally closed up 0.79%. Looking ahead, geopolitical uncertainty still exists, and safe-haven demand is expected to push gold prices higher again.
Spot gold XAUUSD 1 hour chart
A brief technical analysis:
From the 4-hour chart, the price of gold fell to around 1770 and stabilized, and the trend continued to rise. At the same time, the MACD resumed heavy volume above the zero axis, indicating that the market may have further upward momentum. It can remain bullish above 1770 within days, and the upper target 1800-1820
Long and short turning point: 1770.00
Resistance: 1800.00 1820.00
Support: 1770.00 1755.00
Trading strategy: bullish above 1770.00, target 1800.00 1820.00
Alternative strategy: bearish below 1770.00, target 1755.00 1740.00
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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