12.15 Noon

Spot gold is currently oscillating around 4327, showing an overall upward trend. It previously experienced a series of continuous bullish candles pushing higher, reaching a peak of 4329.73 before entering sideways consolidation. The candlesticks form alternating small yin and yang within a high-level range, indicating a mid-term consolidation during the upward process. The price has stabilized above the key support level from the previous rally, with no significant bearish candles indicating a sharp pullback. The candlestick bodies during the consolidation phase are small, suggesting a temporary battle between bulls and bears, but the bulls still hold dominance. Currently, it is oscillating within the upper region of the Bollinger Bands.

The MACD lines have formed a death cross, and the histogram shows red, indicating that short-term bullish momentum is waning, with slight pullback pressure but no trend reversal signals. The RSI for 6 periods remains above 50 in the bullish zone but not overbought. The RSI for 12/24 periods is also at high levels, showing that bullish strength persists but the upward momentum is slowing.

In the short term, the gold bullish trend still exists, but after rising, it has entered sideways consolidation with a technical need for a minor correction. If the price can hold above the middle Bollinger Band support, the upward trend is likely to continue after consolidation. If it breaks below the middle band, it may seek support at the lower Bollinger Band around 4322.26.

Short-term, it is recommended to consider lightly entering long positions if the price retraces near 4315–10. Buying at 4310 is also an option. Targets can be set around 4350–60.

The above is only personal advice for reference. Please follow Jing Sheng Shi Pan's layout for the specific strategy. #美联储降息