12.9 Morning Gold Trend Analysis:
Gold maintains a weak oscillation rhythm on the 4-hour cycle, with short-term prices continuously suppressed by the moving average system, and the downward structure remains unbroken. Although the KDJ indicator is approaching the oversold area, there is technical rebound momentum; however, lacking a fundamental positive resonance, the height of the rebound is likely limited by the moving average pressure zone, and excessive optimism about the rebound space is not advisable.
Key support and resistance are clear: focus on the support level of 4176.18 below; if it breaks effectively, the price will further test the 4153.04 line; above, it must stabilize at the 4195 level to open up the space for a rebound towards the 4205-4210 range.
Core Strategy: In the current oscillation pattern, blindly chasing orders is strictly prohibited; one must patiently wait for the price to reach key levels and confirm effectiveness before entering the market. Overall operations should follow the short-term weak trend, primarily combining "buying on dips + selling on rebounds," prioritizing structural opportunities.
Operation Suggestions:
• Long Strategy: Gradually build long positions in the 4175-4185 range, with a stop loss below 4170, targeting 4200-4215; a strong breakout at 4215 could extend to 4220.
• Short Strategy: Build short positions in the 4205-4210 range on rebounds, with a stop loss above 4215, targeting 4190-4180; if it breaks 4180, it could drop to 4176-4170.
