#黄金 12.11 Afternoon Gold Strategy
The rise and fall of gold prices in the morning session is a normal technical adjustment after a breakthrough. The market's bullish sentiment towards gold has not dissipated due to the short-term pullback. The defense of the key support level at 4200 further strengthens bullish confidence, and there are currently no substantive negative factors to reverse the prevailing bullish pattern;
In the morning, the gold price rose to 4247.66 before pulling back, with the current price at 4214.46 standing firm at the 4200 round number, and the previous resistance level of 4222.45 has turned into support. The adjustment has not destroyed the overall upward trend, representing healthy consolidation after the rise, with further upward momentum still present;
On the 1-hour chart, prices are running above the short-term moving average support. Although the MACD indicator has seen a reduction in the red bars after a rise, the trend of the golden cross in the larger cycle remains unchanged. During the adjustment process, trading volume has decreased, and bearish selling pressure is limited, with the support logic of the bullish arrangement of moving averages still valid.
Operation Advice: Buy on pullbacks within the range, light position around 4190-4210
Defense: 4180
Target: 4230, 4240
