12.15 Evening Gold Strategy Sharing
This week's international gold price has shown a very clear bullish trend. The rise in gold prices is not just a sudden surge today on Monday, but has been stabilizing and opening direction since last week, gradually clarifying the trend. After a significant rise last Friday, there was a wave of selling late at night, but the price fell back to the key support area of 4250–4260, effectively connecting with the upward trend line, and then launched a strong rebound. By this afternoon, the gold price had reached a peak of 4350.
From the perspective of the entire cycle's trend, the current bullish direction is undoubtedly clear, and any pullback seems more like a chance for those missing out to "get on board." In terms of operations, it is recommended to mainly focus on buying on dips, while strictly adhering to stop-losses to avoid being washed out by short-term fluctuations in a trending market. If a rapid sell-off occurs, it may actually be a good opportunity to set up long positions.
However, tonight while remaining bullish, one should also be cautious of the risks of chasing high prices. Last Friday's high was at 4354, and today's afternoon high is around 4350. The gold price has not yet effectively stabilized above the 4350 level, and there are certain signs of high-level consolidation in the short term. If there is a moderate adjustment tonight until tomorrow morning, then tomorrow morning will be an ideal time window to look for low-priced buying opportunities, paying attention to the timing and price rhythm conversion.
Evening operation ideas:
First, pay attention to the support zone of 4320–4322, where considerations for gradually building long positions may be made;
If the price further falls back to the strong support area of 4308–4310, continue to focus on buying long, viewing it as a more cost-effective low entry opportunity;
Continue to monitor the breakthrough situation at the 4350 level above. Once effectively stabilizing above 4350, the bullish space is expected to further open up.
The above views are for reference only. If your current operations are not ideal, I hope Shuyan can help your investments avoid detours. Feel free to communicate and exchange ideas.
