12.11 Zheng Chen Gold Afternoon Thoughts

Yesterday, gold rebounded after hitting a low, and the daily line closed with a small gain, perfectly fulfilling the forecast of a rise followed by a fall after the Federal Reserve's decision! The two major resistance zones of 4240-4245 and 4260-4265 were precisely pressured, and after touching 4245 in the morning session, the gold price encountered resistance and fell back, with clear short-term fluctuation signals.

Support structure is clearly divided: 4220 is the key defensive line for bulls, and the bullish outlook remains unchanged above this level; if it fails, the market will weaken, and below this, the support levels to watch are 4200 and the early morning low of 4180 (the support effect of 4165-4170 has weakened).

Trading advice: Increase long positions in the 4180-4200 range, targeting 4220-4250.