12.12 Friday Morning Review and Ideas Sharing

The investment market is a game of risk and return; the charm lies in making large profits with small stop losses, but one must not only focus on returns while ignoring risks. Successful traders always prioritize risk—capital is limited, but profits are unlimited. Only by protecting the capital can one achieve steady profits. The success or failure of an investment ultimately depends on the control of risk.

From the daily chart, after yesterday's pullback, gold prices entered a consolidation pattern. The daily candle closed with a notably clear bearish body. As of now, prices are still operating within a recent range of fluctuations, and the daily indicators show a state of convergence, making it challenging to provide clear directional guidance for the time being. It is recommended to continue monitoring the fluctuations of gold prices within the range and wait for signals to become clearer.

From the 4-hour chart, since encountering resistance and pulling back around 4264 at the beginning of this month, gold prices have maintained a wide range of consolidation. The current moving average system and various technical indicators are in a converged state, indirectly reflecting that prices have been operating within the range for a considerable amount of time, with bullish and bearish forces temporarily in balance. The focus for the market ahead should be on the effectiveness of the 4205—4280 fluctuation range.

Short-term operational ideas suggest focusing on short positions during rebounds: support below is around the 4205—4200 area; resistance above is around the 4280—4285 area. Operations can be carried out by shorting in batches between 4280-4285, targeting around 4230-4220.

The above views are for reference only. If your current operations are not ideal, I hope Shu Yan can help you navigate your investments more smoothly. Feel free to reach out for communication and exchange. #美联储降息 #美联储FOMC会议 #美SEC推动加密创新监管 #美国ADP数据超预期 $BTC $ETH #黄金