12.8 Gold Early Trading Strategy, Pullback Adjustment Mainly Bullish

Gold today opened on Monday without continuing the downtrend from Friday's close. The opening price was around 4196, followed by a fluctuating upward trend. Today we continue to maintain the analytical approach given over the weekend. For the rebound, we focus on the upper short-term resistance at 4225-30. The operation remains primarily focused on buying on pullbacks; do not believe that the pullback before Friday's close has shaken the confidence of the bulls. As long as it does not break the important support level below at 4163-75, the bulls will still make a comeback. Below, we continue to pay attention to the short-term support at 4190-95, and we will continue to focus on buying on pullbacks.

From the 4-hour chart perspective, we focus on the important resistance at 4245-60 above, short-term resistance at 4225-30, and important support at 4165-75 below. Technically, the fluctuations are more inclined towards adjustment and pullback buying. We patiently wait for the key levels to enter. I will provide specific operational strategies during the trading session; please pay attention in a timely manner.

Gold Trading Strategy:

Buy on pullbacks at 4190-4195, add positions on pullbacks at 4165-75, stop loss at 4157, target at 4225-30, continue to hold if broken. #黄金 $BTC $ETH