12.16 Morning

Spot Gold Analysis: After initially dipping to a low of 4285.26, it formed a bottoming pattern resembling a Morning Star / Hammer line, followed by a series of bullish candles indicating a rebound. This created a bottom stabilization and recovery pattern in the candlestick chart. During the rebound, the price broke through the short-term resistance of the EXPMA moving averages. Currently, the price is stabilizing above the moving averages, signaling a short-term shift to strength.

The short-term MA1 of the EXPMA has gradually flattened after turning downward, and the price has moved above the medium- and long-term MA2, indicating increasing short-term buying momentum. The MACD indicator's DIF and DEA are still in negative territory, but the MACD histogram bars have shrunk from green to red, suggesting a golden cross after a bullish divergence, releasing short-term rebound energy. The intraday low was 4299.21, and the high was 4316.00. During the rebound, the highs are gradually rising, and the lows have not made new lows, forming a short-term oscillating upward rhythm.

In the short-term 4-hour timeframe, the main pattern is oscillating rebound. Resistance is seen around 4316-4320. If broken, the next target is 4330-4340. Support is at 4300; if broken, it may return to a weak oscillation. It is recommended to consider buying on dips near 4280-75, with a stop loss at 4269. Targets can be set around 4340-50.

The above is only personal advice for reference. Please follow Jing Sheng Shi Pan's layout for specific guidance.