12.17 Money Lai Gold Asia盘 Strategy Analysis

Yesterday, international gold continued to fluctuate at high levels, with a daily line forming a doji pattern. The battle between bulls and bears has temporarily reached a stalemate, and prices are maintaining a range consolidation rhythm. In contrast, the crude oil market is fully dominated by bearish sentiment, with the daily line forming a nearly empty large bearish candlestick, clearly indicating a weak downward trend, and the characteristics of a lack of rebound are prominent. The market is changing rapidly in real time, and specific operations must be based on real-time guidance during the session.

Core view on gold: High-level convergence and energy accumulation, with a strong fluctuation bias under a consolidation pattern, buying on dips.

On the daily level, the gold price continues to compress and fluctuate within the 4270-4350 range, consistently standing firm on the support of short-term moving averages. Several intraday pullbacks have not formed effective continuations, and it is crucial to be alert to the wave-like upward trend after a breakout of the daily level range.

In the 4-hour cycle, the converging triangle pattern's range continues to narrow, and the short-term moving averages have completed a turning upward transformation. The technical signals of a strong fluctuation are becoming increasingly clear, and the balance of power between bulls and bears is gradually tilting towards the bulls.

In the short cycle trend, the K-line relies on short-term moving averages to rise and fluctuate. The short-term adjustments and repairs belong to a healthy rhythm, and the pullback process is the best opportunity to gradually layout long positions.

Gold trading advice

It is recommended to layout long positions in the 4295-4305 range, with a target looking at 4330, 4360#黄金 .