12.5 Morning Gold Strategy
Currently, gold is in a narrow fluctuation stage, but bearish signals have gradually emerged: after the Bollinger Bands' three lines have narrowed, the upper band shows a downward pressure trend. After the price surged to 4209, it retraced and failed to recover key resistance, and during the fluctuation, the bullish momentum continues to weaken; meanwhile, although the MACD indicator shows a reduction in green bars, it has not yet formed a golden cross reversal. Coupled with the logic of short-term dollar strength suppressing, the previous buying support is only weak support, and the probability of breaking down from the current fluctuation range and falling back to the lower band of the Bollinger Bands increases.
Operational Suggestion: Short on rebound, light short near 4205-4210
Defense: 4215
Target: 4195, 4185
