#比特币对比代币化黄金 The weekend gold trend is quite interesting. I kept an eye on the December 8th European session—when the price surged to around 4260, it quickly reversed and dropped. The speed of this pullback was pretty fast. Looking back at the candlestick on the 5th, after a spike, it left a long upper shadow, which clearly indicates heavy selling pressure above, and there might even be a double-top pattern forming.

Technically, things don’t look great either—the daily KDJ has been overbought for several days, the 5-day and 10-day moving averages just made a death cross, and on the 3-hour chart, both MACD and the moving average system have turned downwards. That long upper shadow bearish candle last Friday further confirms the issue—bullish momentum is clearly fading. Some analysts mentioned this might be entering a C-wave correction, so there’s considerable short-term downward pressure.

In terms of trading, I personally prefer to look for short opportunities in the 4217 to 4227 range, with a stop loss above 4235, targeting 4200, 4190, or even around 4180. Of course, the market can change in an instant, so strict risk control is the most important thing.