In news: The dollar and U.S. Treasury yields fell after data showed weak U.S. business activity. U.S. private business activity shrank for a second straight month in August to its weakest level in 27 months.
Gold dropped and rose to close yesterday, and the daily line turned positive, ending the previous six consecutive yin declines. The U.S. dollar fell slightly, and gold rebounded and turned volatile. The lowest backtest of 1730 rebounded to 1754 after the first line stabilized, and closed at 1746 in late trading.
Today, the price of gold fluctuated upwards, and the current top is suppressed near the MA10, corresponding to the 1764-1765 line, which may be the high point of today’s rise.
At present, the macd golden fork is running in heavy volume, and the smart indicator is overbought and glued, indicating that the 4-hour shock is on the strong side. The price of gold supports the 1742-1744 line below the short-term 4 hours, followed by the 1732-1733 line near the lower track, and the 4-hour top currently suppresses the 1751-1758-1769 line, but with the passage of time, the high pressure will continue to move down.