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Gold: Falling and Better

2023-08-16
545
Basic face analysis:

On Wednesday (August 16), the Ministry of Fed's Conference showed that most policy makers continued to put their anti -inflation in the first place. At the same time, most people thought that the tightening policy had not ended. The low -month low has finally closed down 0.49%.

Spot gold xauusd four hours



Technical analysis:

Looking at the 4-hour chart, gold further fell below the 1900 mark. The amount of MACD can continue the zero axis. The trend maintains the short market. The resistance continues to pay attention to near 1900-1913, supporting the 1880-1860 below.

Resistance position: 1900 1913

Support bit: 1880 1860

Trading strategy: Below 1900, target 1880 1860
Extracting strategy: Bulling above 1900, target 1913 1925

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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