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12.15 Night Spot Gold Analysis

Earlier, it surged to 4350.27, forming a long upper shadow top candlestick, followed by a sharp decline with consecutive large bearish candlesticks, during which there was almost no effective rebound, dipping to a low of 4312.51, creating a short-term oversold pattern; after the decline, a small bullish candlestick formed a rebound, but the bullish candlestick's body is small and has not broken through the key resistance level, representing a typical weak recovery candlestick pattern after a decline.

Short-term bearish momentum remains dominant, and the rebound strength is weak; in the MACD indicator, the dual lines continue to move downward, and the MACD histogram is green and expanding, indicating that although the bearish momentum has seen a brief release, there is no sign of exhaustion; the rebound after the sharp drop only recovers a small portion of the decline, and during the rebound, the trading volume is insufficient, reflecting a weak willingness of bulls to buy the dip.

In the short term, the market is weakly rebounding in the 4320 - 4325 range. If it cannot break through the 4330 resistance level, it is highly likely to maintain a 'rebound - pullback' bearish fluctuation, possibly even testing the 4312.51 low again; if it stabilizes above 4330, it may enter a weak consolidation range of 4330 - 4340; it is recommended to consider light positions near 4340-50 during the rebound, with 4356 as a stop loss, targeting around the 4300-4290 level.

The above is only personal advice, for reference only, please refer to the specific layout of Jing Sheng Shi Pan.