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Gold: Chong Gao Return

2023-07-21
663
Basic face analysis:

The number of unemployed golds at the beginning of Thursday (July 20) did not increase and fall, indicating that the labor market is still elastic. It may support the Federal Reserve to continue to raise interest rates this year. The United States said that it was affected by the increase in the yields of the US dollar and US debt, and fell from the eight -week high and closed down 0.38%.

Spot Gold XAUSD four -hour chart



Technical analysis:

Looking at the 4-hour chart, gold was blocked in 1987 and fell near 1965. The MACD volume could be maintained on the zero axis. It supports the attention of near 1965-1950, and the resistance above is 1987-2000.

Resistance position: 1987 2000

Support bit: 1965 1950

Trading strategy: Bull above 1965, target 1987 2000
Alternative strategy: Below 1965, target 1950 1940

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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