Gold Strategy for the Evening of December 15

The expectations for the release of the December New York Fed Manufacturing Index, NAHB Housing Market Index, and speeches from Federal Reserve officials lean positively for gold prices, providing fundamental support for bulls; however, the US dollar index has recorded a bullish reversal pattern, and the short-term rebound expectations are restraining gold prices. With mixed factors at play, the market is difficult to trend in one direction;

On the hourly chart, last Friday's late trading saw a recovery from a low position, and Monday's opening continued the rebound trend, with the current price of 4341 approaching the previous high of 4353. However, last Friday's inverted head and shoulders pattern still exerts pressure on prices, with 4296 becoming a short-term support level, overall in a "rebound-pressured-consolidation" oscillation rhythm;

The hourly chart indicators show that there is capital support near 4296, MA moving averages have re-established a bullish arrangement, and the MACD is showing increased red bars above the zero axis, indicating a recovery of bullish momentum. However, if it cannot stabilize above 4330, the rebound momentum will be limited by the previous high resistance.

Trading Recommendation: Light long positions near 4320-4330

Stop-loss: 4295

Target: 4345, 4350