12.9 Gold (XAU) Morning Perspective

Gold (XAU) is in the upper part of the mid-term oscillation range on the 4-hour chart, showing an oscillating upward rhythm based on moving averages, but it has not broken out of this range overall.

The trading volume on the 4-hour chart has not shown extreme spikes, indicating a relatively balanced state of long and short positions; momentum indicators at the bottom are in a neutral zone, and no clear directional signals have been released yet.

The 1-hour chart currently shows a slight downward adjustment rhythm, while the 4-hour chart maintains an oscillating upward framework, creating a resonance state of larger cycle bullishness and smaller cycle consolidation.

During the pullback on the 1-hour chart, the moving averages on the 4-hour chart provide short-term support, and this pullback has not broken below the lower edge of the mid-term oscillation range, which means the current mid-term operational pattern has not been disrupted.

Trading suggestion: Buy between 4190-4186, target 4220, 4240.