#黄金 12.16 Midday Golden Thoughts
The previous bullish sentiment from the rise is gradually fading, and before key indicators such as non-farm data are released, funds are inclined to realize long profits and position for shorts, further amplifying the pullback intensity. The short-term bearish funding sentiment has yet to reverse;
The hourly chart's short-term upward trend from the low of 4190 has ended as the M20/60 moving averages turned downward. The current price of 4286 is in a pullback cycle, with 4257 as short-term support and 4316 as resistance for rebounds, showing no stabilization signals and a clear bearish pattern;
The indicators on the hourly chart's subgraph continue to run downward after divergence, showing that funds are weakly supporting during the rebound process. The MACD is expanding with green bars below the zero line, and the MA moving averages are in a bearish arrangement, confirming that bearish momentum is still being released.
Operation Suggestion: Light short position near 4295-4300
Defense: 4310
Target: 4275, 4280
