12.17 Latest Analysis of the Golden Silk Road

The non-farm data has been digested, and the unemployment rate has soared to 4.6%. The gold price has formed a long-legged doji on the daily chart, with a temporary stalemate between bulls and bears. The current major range is stuck between 4270-4350, the daily moving averages are flat, and MACD shows a decrease in volume, indicating a clear buildup of momentum; the 4-hour chart shows a clear converging triangle pattern, with short-term moving averages turning upwards, and bulls have quietly gained the upper hand!

Looking back at the trend, after the gold price bottomed at 4271, it rebounded strongly, reaching a high of 4334 before encountering resistance and falling back, currently stabilizing around 4314. The daily chart is firmly above the short-term moving averages, and even if there is a slight breakdown, it is more likely to surge rather than decline deeply!

Operational suggestion: You can buy on dips near 4290-4300, with an initial target of 4330. A strong breakout could directly push it to 4350-4380!

Entering at 4295, just set the stop-loss at 4290, and strictly control the risk $BTC $XRP $ZEC #美国非农数据超预期 #美SEC推动加密创新监管 #美联储降息