Zhuoyuan 12.9 Gold Morning Review

Life is like this; others only see the results, while we endure the process ourselves. In the face of life, we have no choice but to be strong and continue; there is no option to turn back.

Gold quickly rebounded after touching a low of 4176 last night, currently maintaining a consolidation above the 4190 level. The one-hour cycle shows a typical post-decline technical repair characteristic, and no effective reversal signal has formed yet, keeping the weak pattern unchanged. The short-term moving average system is still in a bearish arrangement, but the downward momentum has significantly weakened, and the price has found support and stabilized in the lower Bollinger Band area. The key resistance levels above are clear: the 4200-4205 range corresponds to the middle track of the Bollinger Band, while the 4220-4225 range is under upper track pressure. Only if it stabilizes at the middle track and is accompanied by effective volume expansion to break through the upper track can the short-term trend have a foundation for strengthening. The volume-price relationship shows that during the decline, volume has shrunk, and lower shadows appear frequently, reflecting that the low-level support strength is gradually increasing. However, during the rebound phase, the volume has not kept pace, essentially remaining a corrective market. If the 4190-4195 area can build an effective support platform, it is expected to open a probe towards the 4215-4220 range; once the 4180 support level is lost, it is highly likely to test the 4165-4170 range again. The current market is in a consolidation process at the end of a decline, and the short-term direction needs to wait for a confirmed breakout signal.

Personal suggestion: go long near 4190-4180, target 4230-4260

Investment carries risks; personal suggestions are for reference only, based on real transactions #比特币VS代币化黄金 $BTC