12.11 Dong Yan: As expected, interest rates are lowered, gold rebounds to continue buying

Gold, waiting at the happy bar at three in the morning, with Powell's subsequent speech leaning dovish, gold surged and broke above 4230 USD, steadily bringing profits into the pocket. Yesterday, Old Dong's article clearly reminded everyone that gold will not plummet, the only strategy is to buy long, if you miss it, you can only reflect on your mistakes in silence!

Returning to the market, on the hourly chart, the moving averages show a bullish arrangement radiating upwards, maintaining strong bullish momentum. Technically, the bulls broke the neckline and rose again. Short-term support to watch is the starting point here around 4220-4221, while the upper resistance is focused on the 4250 line. Just don't chase the highs, but short-term buying will not waver, and in daily operations, we will continue to participate in low buys!

Gold: Buy near 4220, short-term target 4245, 4255, medium-term target 4270-4280. #加密市场反弹 #美联储降息 #比特币VS代币化黄金