HectorBrown1

XAUUSD: Today's analysis

Long
HectorBrown1 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
From the fundamental point of view, there is no important data released in the United States today, and the president of the European Central Bank Lagarde can pay attention to his speech in the European Parliament in the afternoon. At present, the market continues to price expectations for December not to raise interest rates, while the morning release of Thursday and Friday Thanksgiving trading volume last week, so the market continued to pull up in the morning, the current cpi and employment synchronously fell, so the Federal Reserve basically confirmed that it will not raise interest rates in December, so gold may continue to rise, intra-day recommendations continue to be low.

Technical analysis: The gold K line continues to fluctuate at a high level, and at the same time, the K line continues to rise after the completion of the key position of 2007 (forming a trend and the law of 123) for 1 hour. At present, the overall trend of the K line is upward, the high point continues to rise, the low point returns to the high wave, the average line opens upward, the rsi goes higher, the continuous positive line reflects the strong energy, the current upper pressure 2020, Below the support 2007, it is recommended to continue close to the key support level is mainly low, the target is near 2014.
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TP 2014
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