December 12 Night

Spot gold is currently dominated by strong bulls, with prices steadily rising from the lows of 4182. After breaking through the upper Bollinger band, it continued to climb, currently quoted at 4336, indicating a clear upward trend. The price has moved away from the upper Bollinger band upwards, showing that short-term bullish momentum is very strong, in overbought territory but with the trend continuing. Recently, the K-line mainly features large bullish candles combined with small bullish stars, with minimal pullback, presenting a "short squeeze" upward pattern, reflecting strong market buying interest; after breaking through the previous consolidation platform, a breakout gap/accelerated upward K-line structure has formed, with no obvious top reversal signals (such as bearish engulfing or evening star).

The MACD double lines DIF is above DEA and continues upward, with the histogram changing from green to red and enlarging, indicating sustained bullish momentum; trading volume is in the upward phase with good coordination, MA5 average volume line is above MA10 average volume line, supporting the upward movement with volume.

The middle Bollinger band and previous high have become short-term support; during the pullback, prices are likely supported by buying interest in this region. Short-term, it is recommended to rebound to 4345-50 for long entries, with a stop loss at 4355, and the target can be around 4320-15.

This is only a personal suggestion for reference; please follow Haoyu Shipan’s layout for specifics! #美联储降息 #XAU Spot Gold