12.16 Night Spot Gold Analysis
Currently, from the 1-hour cycle, spot gold shows a short-term weak downward trend; the price has fallen from the high of 4353.43, repeatedly breaking below the MA5, MA10, and MA20 moving averages, which are arranged in a bearish pattern, indicating a clear short-term downward trend. The current price is fluctuating around 4276, with short-term support at 4271.52 (intraday low). If broken, it may further decline to the previous low of 4257.74; the first resistance above is the MA5 at 4281.40, and after breaking through, the next is the MA10 at 4285.01. During the
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