12.19 Night Spot Gold Analysis

The recent pattern of spot gold shows a combination of a bottoming out and rebound followed by a pullback. During the decline, a long lower shadow candlestick (testing support) formed, while during the rally, a long upper shadow candlestick (encountering resistance) appeared, reflecting a rapid shift in short-term bullish and bearish forces. Recently, the pattern mainly consists of small yin and yang candlesticks within a consolidation range, accompanied by a few doji stars, indicating cautious market sentiment. The bulls and bears are temporarily balanced, with prices oscillating around the short-term moving average at 4327 and the dashed line, without a clear bullish or bearish moving average arrangement, further confirming a consolidation pattern.

Overall, the trend appears to be oscillating. The price initially dipped to a low of 4321, then rebounded to a high of 4333, before falling back and oscillating around the 4327-4330 range. Currently quoted near 4327, it has retreated from the intraday high, indicating a generally weak oscillation.

Short-term plan:

- After rising to 4360-70 and encountering resistance, consider shorting, with a stop at 4375. The target can be around 4310-05.
- After falling and stabilizing at 4305-4300, consider long positions, with a stop at 4290. The target can be around 4360-70.

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