12.12 Gold European Market Latest Analysis

Yesterday, gold strongly broke through the 4280 line with the support of favorable initial jobless claims data, perfectly fulfilling the previous bullish target expectations. The current gold price still clearly shows a bullish trend, closing with a long lower shadow bullish candle on the daily chart, and successfully breaking through the fluctuation range on the 4-hour chart, indicating sufficient overall upward momentum.

Gold support levels are rising in a step-like manner, from 4180 to 4220 and then to 4250/4260. The previous resistance levels have completed a top-bottom conversion, becoming a key support zone. Although the moving average system has been rapidly pulled away by the surging market, any pullback is quickly absorbed, demonstrating a strong bullish pattern.

European market operational strategy: Mainly buy on pullbacks, as the bullish trend is clear.

You can place buy orders at the support level of 4250-4260. If the market is strong, the area around 4270 can also be considered as a reference for the early session low. Set the stop loss at 4230, with initial targets at 4300 and around 4320, and the extreme can be seen at the 4330 line. Overall, focus on buying on pullbacks and selling on rebounds as a supplement, just keep up with the bullish rhythm. $XRP $ETH $ZEC #美联储降息 #加密市场反弹 #美联储FOMC会议 #美国宏观经济数据上链