#数字资产生态回暖 December 11 Evening Gold Price Trend Analysis

Before the US market opens, gold has experienced a slight correction around 4205.

Currently, the market focus remains on the speeches of Federal Reserve officials. Recently, several Fed officials' statements have been dovish, prompting the market to consider whether there is still room for rate cuts this year. The dollar index has been somewhat weakened by these expectations, which undoubtedly gives gold a breathing space to rally.

Another driving factor is the geopolitical situation. Local conflicts persist, and signs of peace are currently unseen. During such times, safe-haven funds tend to flow into gold, further strengthening the support level for gold prices.

Today, after a pullback, gold successfully held the critical support at 4200-4205, and the short-term bullish trend line has not been broken. On the daily chart, the 5-day and 10-day moving averages are aligned in a strong bullish formation, with the gold price resting on them; the MACD's red bars are expanding, indicating ample bullish momentum. The 4-hour chart shows an even more optimistic picture—after hitting bottom, prices began to rebound, with the upper band of Bollinger Bands opening upward, maintaining a healthy upward channel, and short-term corrections have basically been exhausted.

In the evening, gold in the US market remains bullish, and the upcoming trend is worth期待。

In terms of trading strategy, you can look for opportunities to go long around the support zone of 4200-4205, with an initial focus on previous high points above. If a valid breakout occurs, gold may open a new upward phase. $BTC $ETH $BNB