12.8 Midnight Gold Analysis: After the "roller coaster" fluctuations of gold in the previous period, it has officially entered the oscillation cycle in the 4160-4265 large range. The hourly moving averages are frequently crossing up and down, and the long-short game is in a stalemate, with no clear unilateral breakthrough force. The logic of short-term washing and sorting continues.

The pressure in the upper 4265 area remains effective, with multiple attempts to break through failing; the lower 4160 area constitutes key support, and this position is the core defensive line of the current oscillation pattern. If the gold price falls back to the 4160 support level next week, short-term long positions can be laid out, targeting the 4220-4230 range; if the 4160 support is broken, the market is likely to initiate further declines, and it is necessary to avoid long position risks in a timely manner.

Gold suggestion: Long in the 4160-4170 range, with a stop at 4150, targeting around 4230-4260 $BTC #比特币VS代币化黄金 #ETH走势分析