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Gold: Dest the bottom again
2023-08-13
547
Basic face analysis:
On Friday (August 11), the stronger dollar and US Treasury yields rose, and the spot gold was slightly lowered again, and it was recorded the worst week since the end of June. Looking forward to the market outlook, because market participants have really achieved the final interest rate target for the Fed, or whether there will still be different interest rate hikes, the price of gold has been narrowed, and the price lacks a clear direction.
Spot gold xauusd four hours
Technical analysis:
Looking at the 4-hour chart, the gold is maintained below 1920. The amount of MACD can maintain the zero axis. The trend continues the short market. The resistance continues to pay attention to near 1923-1930, supporting the 1900 mark.
Resistance position: 1923 1930
Support bit: 1900 1880
Trading strategy: Drink below 1923, target 1900 1880
Extracting strategy: Bull above 1923, target 1930 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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