#美联储降息

12.12 Night

The spot gold market is currently dominated by strong bullish sentiment, with prices continuously rising from a low of 4182, breaking through the upper Bollinger Band and continuing to rise. The current quote is 4336, indicating a clear upward trend. The current upward movement away from the upper Bollinger Band suggests that the short-term bullish momentum is very strong, in a state of overbought but with a continuing trend. Recently, the candlestick pattern primarily consists of large bullish candles and small bullish stars, with very little retracement, presenting a 'short squeeze' upward pattern, reflecting strong market buying interest. After breaking through the previous consolidation range, it formed a breakout gap/accelerated upward candlestick structure, with no obvious top reversal signals (such as bearish engulfing or evening star).

The MACD double line DIF is above the DEA and continues to rise, with the histogram changing from green to red and expanding, indicating continuous release of bullish momentum. The trading volume is in the rising phase with good coordination, the MA5 average volume line is above the MA10 average volume line, and volume supports the rise.

The middle Bollinger Band and previous highs have turned into short-term support, making it easy to receive buying support when retracing to this area; it is recommended to buy on a pullback to 4345-50, with a stop loss at 4355, and a target looking towards around 4320-15.

The above is just a personal suggestion, for reference only. Please refer to Haoyu Shipan's layout for specifics! #美联储降息