Gold stabilizes after consolidation with a morning star pattern; focus on buying on dips today!
Yesterday, the gold market continued its choppy consolidation. After opening at 4204.5 in the morning, it rose slightly to 4216.8, then experienced a strong pullback with intraday volatility. The daily low hit 4174.8 before quickly stabilizing, followed by a rebound that broke above the morning high, reaching a peak of 4219.4 and finally closing at 4207.3.
The daily chart ended with a morning star pattern featuring a long lower shadow. When this pattern appears in a consolidation range, it signals strong buying support below and is a strong indication of a short-term reversal, suggesting a high probability the market will continue its upward range movement.
From a technical perspective, yesterday’s low of 4174.8 was near the support of the 10-day moving average. The moving average system remains bullish and the upward structure is intact despite the consolidation. On the 4-hour chart, trading volume gradually decreased during the pullback and increased moderately during the rebound, indicating healthy volume-price coordination and further confirming effective low-level support. Meanwhile, the upper boundary of the previous consolidation range at 4220-4230 forms a key resistance zone, which is today’s main focus area.
Today's Practical Trading Strategy
- Aggressive traders can go long directly at 4180; - Conservative traders can wait for 4177 to enter positions in batches, with a unified stop loss at 4173 (breaking yesterday’s low and key support confirms bullish failure); - Set targets at 4210, 4220, 4228, and 4235 in sequence. Reduce positions gradually as each target is reached, and be prepared to go short to take advantage of resistance at higher levels. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50 #XAUT
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📊 12.5 Gold Jin Jingwen Morning Analysis Sharing
Gold stabilizes after consolidation with a morning star pattern; focus on buying on dips today!
Yesterday, the gold market continued its choppy consolidation. After opening at 4204.5 in the morning, it rose slightly to 4216.8, then experienced a strong pullback with intraday volatility. The daily low hit 4174.8 before quickly stabilizing, followed by a rebound that broke above the morning high, reaching a peak of 4219.4 and finally closing at 4207.3.
The daily chart ended with a morning star pattern featuring a long lower shadow. When this pattern appears in a consolidation range, it signals strong buying support below and is a strong indication of a short-term reversal, suggesting a high probability the market will continue its upward range movement.
From a technical perspective, yesterday’s low of 4174.8 was near the support of the 10-day moving average. The moving average system remains bullish and the upward structure is intact despite the consolidation. On the 4-hour chart, trading volume gradually decreased during the pullback and increased moderately during the rebound, indicating healthy volume-price coordination and further confirming effective low-level support. Meanwhile, the upper boundary of the previous consolidation range at 4220-4230 forms a key resistance zone, which is today’s main focus area.
Today's Practical Trading Strategy
- Aggressive traders can go long directly at 4180;
- Conservative traders can wait for 4177 to enter positions in batches, with a unified stop loss at 4173 (breaking yesterday’s low and key support confirms bullish failure);
- Set targets at 4210, 4220, 4228, and 4235 in sequence. Reduce positions gradually as each target is reached, and be prepared to go short to take advantage of resistance at higher levels. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50 #XAUT