12.12 Gold Morning

Yesterday, gold in the US market surged as expected, peaking at 4285.90 before a slight pullback. Currently, it is oscillating around the 4266.99 level, with the short-term bullish momentum still showing continuity.

Core Upward Logic:

On the macro level, the Federal Reserve's third interest rate cut this year has taken effect, and the loose monetary environment continues to inject upward momentum into gold prices. Market expectations for a continuation of the interest rate cut cycle in 2026 have further heated up.

Geopolitical risks resonate with the global central bank's gold purchasing frenzy, with 95% of surveyed central banks planning to continue increasing their gold holdings, providing solid long-term support for gold prices.

From a technical perspective, after the price dipped to the low of 4182, a strong rebound began. The 4-hour moving averages are in a bullish arrangement, and the previous resistance at 4260 has completed a top-bottom conversion, becoming the current key support level, with a clear bullish trend structure.

It is recommended to buy in the range of 4255-4245, targeting 4290 and 4350#黄金 .