12.19 Gold Evening Analysis: The oscillation pattern remains unchanged, bulls gather strength aiming for new highs

Today's gold market turning point cannot avoid the key news of the Bank of Japan's interest rate hike. As a former global 'cheap funding pool', low-interest arbitrage trading of the yen is an important support for gold bulls; interest rate hikes raise borrowing costs, leading to the closure of arbitrage trades and combined with high-level profit-taking, dual selling pressure once suppressed gold prices.

During the day, gold maintained an oscillating trend, with long positions around 4310 already capturing considerable space; crude oil had minimal fluctuation during the day, and the European and American market trends will be followed in real-time.

From a technical perspective, on the daily chart, gold prices are oscillating and repairing at a high position above the short-term moving averages, with the price center gradually rising, and the overall strong pattern remains unchanged; on the 4-hour level, moving averages are flat and converging, with obvious short-term oscillation characteristics; after continuous oscillation on the hourly chart, the technical shape has optimized, and the short-term moving averages are diverging upwards, showing a short-term strong trend, requiring attention to the adjustment and repair rhythm.

Master's operation suggestion: Long positions in the 4310-4318 range, stop loss at 4305, target at 4340-4350.

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