12.11 Latest Analysis of the Golden Silk Road

Today's gold trend continues the recent strong momentum: it was consolidating around 4217.86 before dawn, suddenly surged to 4247.66 during the early morning session, and then slightly pulled back for adjustment—this is a normal retracement after breaking through a key resistance level, so there's no need for excessive concern.

Combining the news and technical analysis, the short-term bullish trend has become quite clear: on one hand, the market's easing expectations have strengthened after the interest rate cut, driving the dollar and U.S. Treasury yields down simultaneously, providing direct upward momentum for gold prices; on the other hand, the central bank's continuous gold purchases are also supporting gold prices, and the technical breakthrough further consolidates the bullish pattern.

Trading operations can be arranged around the current rhythm, with the main fluctuation range initially looking at 4220-4250. If it can stabilize above the key level of 4250, the subsequent target can be extended to 4260-4270; resistance levels to watch are 4260, 4290, and 4330, while support is initially seen in the 4220-4230 area, with strong support around 4200-4205.

Trading Suggestion: If it rises to around 4258, light positions can be taken to short, and if it continues to probe 4267, positions can be added, targeting first 4233, then 4221, with risk control set at 4271.

If it falls to around 4212, then long positions can be entered, with additional positions at 4203, targeting first 4240, and if stabilized, looking at 4260. $XRP $ETH $BTC #美联储降息 #加密市场反弹 #比特币VS代币化黄金