December 31 Morning Observation

From the 1-hour K-line of gold, the current trend is a short-term oscillation and correction. The moving averages and Bollinger Bands are basically close together, indicating that the strength of the bulls and bears is quite balanced, and neither side can dominate for now. The middle band of the Bollinger Bands is currently a key support level, while the upper band is creating resistance at 4398. Gold prices are currently fluctuating between the middle and lower bands of the Bollinger Bands, with a clear oscillation characteristic.

How to operate? My idea is as follows:

Bullish perspective: If gold falls back to the 4320-4330 range, you can try a small long position, with a stop loss below 4310, and initially target 4350. If it breaks through, continue to look upward toward 4360.

Bearish perspective: Conversely, if gold rebounds to the 4390-4400 range and encounters resistance and then falls back, you can also try a small short position, with a stop loss above 4410, targeting 4350. If it breaks below, continue to watch 4340.

These are just personal ideas; actual operations should be adjusted according to your own risk tolerance and the real market situation.