12.19 Gold (XAU) Evening Market Outlook

The intraday trend of gold is intertwined with a rising flag pattern, a small double top retreat, and a box oscillation three-fold pattern. After the interest rate hike in Japan, it did not trigger the expected deep correction.

The foundation of the long-term upward trend is solid, and the flag pattern serves as a healthy correction in the process of trend continuation; after the small cycle double top pattern, it enters a box oscillation, belonging to the detailed fluctuations of the correction phase. The indicators in the sub-chart show a bearish divergence at the double top position, releasing signals of short-term upward momentum weakening, but subsequent indicators gradually recover, not showing a sustained weakening trend.

In terms of volume, during the flag pattern consolidation phase, the trading volume continues to shrink, perfectly fitting the volume characteristics of the upward trend continuation pattern, and the mid-term bullish dominant pattern remains unchanged.

Operation Suggestions

Rely on long positions near 4320, with targets at key resistance levels of 4340 and 4350. $BTC $ETH #比特币流动性 #巨鲸动向