On the afternoon of December 15th
From the current 1-hour K-line chart and market data, gold prices have launched a strong upward attack after hitting a bottom. In the short term, they have stabilized above the moving average system, showing a very strong bullish trend. The resistance level formed by previous highs is approaching, and the willingness of bulls to break through is strong. The short-term bullish trend is very clear, and the medium to long-term trend has also completed a reversal following the strong short-term rally.
The K-line price has shown a slight pullback near the previous high of 4353 but was quickly recovered by a large bullish candle, reflecting the strong buying support below. In the short term, it may consolidate in the range of 4330-4350, preparing to break through the previous high.
Trading Suggestions
Buy: If the price stabilizes above 4340, pay attention to the low-buying opportunity in the range of 4330 - 4335, with an upper target at 4346. If it breaks through, further look towards the previous high resistance at 4353.
Sell: If it effectively breaks below 4330 (5-day moving average), it may pull back to 4300 or even 4295 intraday low. Consider a light short position, with a stop loss set above 4345.
