Gold: low position
2023-06-27
732
Basic face analysis:
Monday (June 26) Russia's Mercenary Group Wagner's attempt to rebel, the geopolitics uncertainty increased, and the price of gold has risen slightly. It is expected to cool down, the yield of US dollars and US debt fell slightly, providing support for gold prices. The spot gold once broke 1930 US dollars but failed to stand firm, and finally closed up 0.11%.
Spot Gold XAUSD four -hour chart
Technical analysis:
Looking at the 4-hour chart, the gold rebounded to the top of 1930 and then fell again. The MACD volume could shrink under the zero axis. There is a shirk space in the short-term multi-headed.
Resistance position: 1940 1950
Support bit: 1920 1910
Trading strategy: Bull above 1910, target 1940 1950
Alternative strategy: Drink below 1910, target 1900 1880
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