12.9 Afternoon Gold Strategy: Triple Bottom Solidifies Support, Decisively Positioning Longs Based on Key Range
On the afternoon of December 9, the gold market maintained a震荡格局 before the Federal Reserve's interest rate meeting, but the core logic of mid-term upward movement remained unchanged. The sustained warming of expectations for the Federal Reserve's interest rate cuts has consistently provided strong fundamental support for gold prices.
From a technical perspective, the $4170 level has formed a distinctive triple bottom structure. The reliability of this support area has been tested multiple times in the market—during the lunch break, gold prices briefly dipped to this range, but were quickly bought back by bulls, validating the strong resilience of buying pressure here. The price repeatedly tested but failed to effectively break down, which is a typical indication that selling pressure at the bottom has been exhausted and the support base is solid.
Notably, the four-hour cycle chart has simultaneously produced a long lower shadow candlestick. This reversal signal not only resonates with the triple bottom pattern but also intuitively reflects that bearish momentum has begun to wane, while bullish forces are quietly completing the bottom formation and gathering, suggesting that the previous phase of震荡调整 is likely nearing its end.
Considering the combined positive support from fundamentals and stabilization signals from the technicals, gold prices in the afternoon are expected to rely on the strong support near $4170 to regain upward momentum. The primary target above can aim for the $4200 round number; if this resistance is effectively broken, further upward space toward $4215-$4235 can be anticipated.
For afternoon short-term operations, it is recommended to maintain a bullish perspective: one can look to position long when gold prices retrace to the $4163-$4173 range, initially targeting $4205. If it breaks through, then aim for the $4215-$4235 range, while ensuring proper position management #比特币VS代币化黄金 .
