12.11 Zheng Chen Morning Thoughts

The Federal Reserve has cut interest rates by 25 basis points as expected, and the US Dollar Index fell by 0.60% after a wide fluctuation. Boosted by three consecutive interest rate cuts, gold prices initially dipped before rising again, and under the support of Powell's dovish remarks, it rebounded around the 4182-4181 line, breaking through the 4230 mark, ultimately closing the day with a strong bullish candle.

From a technical perspective, the daily MA10 and MA7 moving averages are opening upwards, and the RSI is stabilizing above the midline; the hourly and four-hour Bollinger Bands are synchronously opening upwards, the moving averages have formed a golden cross, and the RSI continues to rise after standing above the 50 mark.

Trading Thoughts: Focus on buying the dips, with selling at highs as a supplement.

Buy the dip strategy: Enter in the 4220-4210 range, and after breaking through 4240, you can follow up with long positions at 4230.

Sell at high strategy: Gradually establish short positions in the 4258-4266 and 4280-4296 ranges. #比特币VS代币化黄金