12.19 Gold Morning Review: The fluctuation of gold does not break the "up three back two" rhythm! After CPI, 4310 support becomes key, laying out long positions like this is more reliable
The K-line has never had a smooth slope; fluctuations are sedimentation, and pullbacks are energy accumulation. Real profits do not come from chasing the market but from adhering to discipline and enduring loneliness—allowing time to smooth out volatility, letting compound interest realize persistence, slower and steadier is the most solid wealth curve.
After the release of yesterday's CPI data, gold did not experience the expected significant fluctuations; the rise in the latter half of yesterday seemed more like a rational release after technical consolidation rather than an emotionally driven unilateral market. The previous rounds of fluctuations and consolidations have fully digested market selling pressure, and the chip structure is stabilizing, with the market waiting for a clear breakthrough opportunity.
From the 1-hour cycle, the gold price showed a dual characteristic of "high surge and return + narrow fluctuations" throughout the day: the moving average system is in a state of tight entanglement, with short-term MA5/MA10/MA20 interwoven, and prices are slightly sawing around the moving averages, with both support and resistance roles significantly weakened, and no clear trend direction in the short term. On the K-line level, the long upper shadow left by yesterday's surge highlights the pressure near 4370; after the price fell to 4308, it quickly rebounded, confirming that 4310 has formed effective support. Currently, the gold price is still trapped in the wide fluctuation range of 4310-4370, and a breakthrough signal has not yet appeared.
It is worth noting that although the gold price briefly refreshed the intraday high in the early morning, it failed to form a sustained upward momentum, and the subsequent pullback perfectly fits the typical rhythm of the fluctuation market "high surge test - pullback confirmation", which is commonly referred to as the "up three back two" structure. The key is that this breakout occurred during the early morning period with lower liquidity, and the chip exchange is not sufficient. Whether the European market can hold the key position of 4320 and whether the American market can continue the momentum will be the core variables for trend confirmation.
Operational suggestion: If the gold price stabilizes in the 4310-4320 range and closes with a stabilizing bullish line, a light position can be laid out for long positions, targeting the short-term pressure level of 4350 first, and after breaking through, it can extend to the upper edge of the 4370 range; stop loss should be strictly set below 4305 to avoid the risk of breaking down the range.
$XAU $BEAT $ZEC #巨鲸动向 #ETH走势分析 #加密市场观察 #加密市场回调 #隐私币生态普涨
