From the hourly chart, after hitting the bottom at the 4182 level, gold directly experienced a rapid rebound, forming a very clear V-shaped reversal. However, it is important to note that the stochastic indicator J line has already approached the overbought zone near 100. Although the K line and D line are both moving upward, their slopes are beginning to flatten, indicating that while there is still momentum for the bulls in the short term, the risk of a correction at higher levels is accumulating.
Therefore, there is no need to rush to chase the highs. The best approach is to wait for the price to fall back to a key support level for confirmation before considering an entry. The idea is to follow the trend and look for pullbacks; once it pulls back, you can consider rebounding entries.
Trading idea: Consider short positions in the 4230-4240 range, with targets around 4200-4220.
(The above is only a personal technical analysis idea. For actual trading, please base your actions on market trends and your own risk management.)
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#数字资产生态回暖 December 11 Morning Gold Price Review
From the hourly chart, after hitting the bottom at the 4182 level, gold directly experienced a rapid rebound, forming a very clear V-shaped reversal. However, it is important to note that the stochastic indicator J line has already approached the overbought zone near 100. Although the K line and D line are both moving upward, their slopes are beginning to flatten, indicating that while there is still momentum for the bulls in the short term, the risk of a correction at higher levels is accumulating.
Therefore, there is no need to rush to chase the highs. The best approach is to wait for the price to fall back to a key support level for confirmation before considering an entry. The idea is to follow the trend and look for pullbacks; once it pulls back, you can consider rebounding entries.
Trading idea: Consider short positions in the 4230-4240 range, with targets around 4200-4220.
(The above is only a personal technical analysis idea. For actual trading, please base your actions on market trends and your own risk management.)