Analysis of Spot Gold on the Morning of December 29

After reaching a high of 4549.61 in the previous phase, a Evening Star/Top Formation pattern appeared. Subsequently, consecutive bearish closes formed a downward trend K-line arrangement, accompanied by a large bearish candle breaking below the short-term moving average/key level, indicating a typical bearish liquidation pattern. The price then rebounded to around 4531 before closing.

On Monday's open, the price fell to a low of 4472.65, forming a Hammer/Engulfing pattern. This was followed by consecutive bullish closes forming a Bullish Three Soldiers/Three Rising Methods K-line pattern, with the bullish candles gradually enlarging, indicating increasing buying strength at lower levels. Currently, the K-line touches the axis point at around 4515.72, forming a tentative upward probe with a Doji/Small Bullish Candle, representing a battle between bulls and bears at a key resistance level.

In the short term, the market shows a "bottoming out and rebounding + resistance level oscillation" slightly bullish pattern. Focus on the effectiveness of breaking through the 4515.72 resistance. A successful break would extend the rebound; if resisted, the price will oscillate and consolidate between 4490-4515.

Operational suggestions: wait for a pullback near 4480-75, add at 4465, with a light position. The target can be set around 4520-30. If broken, continue to hold.

The above is only personal advice and for reference only, not investment advice.