12.15 XAU Intraday
In the morning, the domestic central bank implemented a 600 billion yuan reverse repurchase operation, while clearly signaling the flexible use of monetary policy tools such as reserve requirement ratio cuts and interest rate reductions. The market's expectations for marginal liquidity easing have increased, boosting gold's anti-inflation and allocation value; overseas markets continue to bet on the Federal Reserve's interest rate cuts at the end of the year, putting pressure on the dollar index and further opening up upward space for gold prices. In addition, there are currently no obvious signs of easing in the geopolitical situation, and the willingness of risk-averse funds to allocate to gold remains high. With multiple favorable factors resonating, it is advisable to position long.
Currently, XAU is in an hourly uptrend structure (the level has formed a clear upward trend line since rebounding from the low of 4170.06, with prices continuing to rise based on the trend line, and buying pressure is evident during the pullback)
4290 is the resonance support zone of the upward trend line and the previous consolidation platform, so it is a good entry point. After the previous level retraced to this position, there was a rapid rebound, making it a reasonable critical point for the first long position layout under the "uptrend structure," in line with the rhythm of a short-term pullback.
Additional position: 4280 corresponds to the secondary support level below the upward trend line, and is also a key integer level recognized by the market. After the previous level dipped into this area, there was a clear buying signal; if the level further falls to this point, it represents a "second buying opportunity in the uptrend," allowing for an increase in long positions supported by the trend.
The stop-loss can be set at the recent critical breakdown point of the upward trend line at 4270; if the level effectively breaks below this position, it indicates that the current "uptrend" technical structure has been broken, and the core logic for the long layout is invalid. Setting the stop-loss here provides a clear boundary for stopping losses, avoiding falling into a passive position after a trend reversal.
Target 4330-4350
(4290 entry, 4280 add, 4270 protect, targeting 4330-4350)
Personal opinion, not constituting investment advice.
