12.8 Gold (XAU) Morning Outlook

Gold (XAU) is currently strong in the medium term, with short-term fluctuations gathering strength, and the price is operating in the middle ground between support and resistance.

The core focus of the long and short game in the 4h/1h dual cycles is on key support and resistance zones, with short-term rebound momentum gradually accumulating.

The low points of the fluctuation range are gradually rising, allowing the bulls to actively consolidate with reduced volume, not a weak pullback.

Moreover, the pullback has not reached the core support, maintaining the integrity of the medium-term upward trend, which belongs to a consolidation pattern within a strong trend, making it likely to continue the original trend.

Operation suggestion: Long at the 4190-4180 line, with targets at 4210, 4240, and 4270.