12.8 Euro盘分析: Gold quickly fell back after encountering resistance near 4260. The drop after the peak on December 5 shows heavy selling pressure at high levels, and it may form a double top pattern; the daily KDJ indicator has been continuously overbought, and the 5-day and 10-day moving averages have formed a death cross.

In the 3-hour chart, both the moving averages and MACD show a death cross, and last Friday's market also showed a long upper shadow bearish candle indicating a decline in upward momentum. Some analysts believe that gold has entered the C wave decline phase, with a clear trend of short-term adjustment.

Gold recommendation: Short in the range of 4217-4227, stop loss at 4235, target around 4200-4190-4180 $ETH #比特币VS代币化黄金