12.9 Morning Gold Insights | Slowing Decline, Focus on Bottoming Signals

Last night, gold quickly rebounded after dipping to 4176 and is currently fluctuating above 4190. From the hourly trend, it is in a technical repair after the decline and has not yet formed a reversal; overall, it remains in a weak pattern.

In terms of moving averages, the short-term moving averages are still in a bearish arrangement, but the downward momentum has clearly weakened, and the price has found support at the lower Bollinger band. The key resistance above is at 4200-4205 (middle band) and 4220-4225 (upper band). Only if it stabilizes at the middle band and breaks through the upper band with volume can the short-term trend hope to strengthen.

From the perspective of volume and price, the decline has decreased in volume, and the lower shadows have increased, indicating stronger support at lower levels; however, the rebound lacks sufficient volume and is of a corrective nature. If it can maintain stability in the 4190-4195 area, there is hope to test upwards towards 4215-4220; if it loses the 4180 support, it may test the bottom again at 4165-4170.

Overall, the market is in a phase of oscillation at the tail end of the decline, building a bottom, with the short-term direction awaiting breakthrough confirmation.

In terms of operations, pay attention to the support performance in the 4190-4195 area. If it stabilizes, a light position can be tried for a long position, targeting 4215-2220; if it breaks below 4180, then observe. #比特币VS代币化黄金 #加密市场观察 #美SEC推动加密创新监管 #美SEC代币化股票交易计划 $BTC $SOL $ZEC