12.15 Initial Ze Mei Pan Gold Strategy
From the current 1-hour K-line chart and market data, the gold price has experienced a short-term pullback and is now stabilizing and pushing upwards, successfully standing above the short-term moving average, forming a strong rebound trend. The bulls are in a dominant position, but the pressure zone formed by the previous high points above still needs to be monitored. The short-term battle between bulls and bears revolves around the previous highs.
After the K-line pullback stabilizes, it shows a clear bullish attacking pattern, with gold recovering from the low of 4295 and continuously forming bullish candles to push upwards, gradually reclaiming the ground lost during the pullback and approaching the previous high of 4353. The K-line pattern forms a strong structure of 'pullback-stabilization-rebound', with only slight fluctuations near the previous high, indicating that the bullish momentum remains intact.
Gold is looking to go long in the 4325-4334 range, with strict defensive measures in place. The target above looks at the previous highs of 4350-4360; if broken, the focus will further shift to the pressure range of 4370-4380.
