$BTC Au Daily Analysis 12/4 Text/Hao Han Liu Jin - Yun Hao

In the early session of the Asian market, the gold price showed signs of pressure and decline, accurately touching the 1-hour cycle 183MA moving average during the price drop, and then quickly stabilizing and rebounding. This perfectly verifies my earlier prediction of the key support level at 4176 (the secondary support below can be focused on 4156).

As of now, the gold price has rebounded to the 4190 level, but has not yet touched the same level 20MA moving average resistance. In the short term, there is still room for further rebound.

From the analysis of the European market trend, the current situation is essentially a technical correction in a downward trend. This rebound is not a signal of trend reversal, but rather provides an excellent opportunity for high short layout. After all, the downward momentum from the previous period has not been completely released, and the overall market sentiment is still under pressure. Blindly chasing long positions can easily lead to passivity.

Based on this, the recommendation for European market operations is to rely on the pressure range to layout short positions, which can be entered in batches in the 4210-4220 range. The first target looks towards the 4180-4160 area; if the market continues to weaken and break the key support, it can further look down near 4140. The core trading idea for the day is to short on rallies, and there is no need to overly worry about the risk of a pullback in the short term. Following the trend is key to grasping market initiative. #币安区块链周