December 12th Gold Midday Observation

The current situation is interesting—geopolitical tensions are tight, the US dollar is weakening, and the Federal Reserve's rate cut expectations have been reinforced. The combination of these three factors has given gold a sense of reassurance. Both institutions and retail investors are pouring funds into precious metals, and demand for allocation is clearly rising, pushing the gold price from the lows around 4182.

Yesterday, in the US session, the final surge to the upside was followed by a drop, then a quick reversal to the downside—no surprise there, as the key resistance level at 4280 was decisively broken. The price now stands firm at 4282.42, clearly in a short-term bullish trend; the upward momentum is still building, with no signs of weakening.

Looking at the technicals again: the 4-hour chart shows the price has broken above the upper Bollinger Band, now steadily hugging the upper band and moving upward. The 1-hour chart is clearer—bullish funds continue to buy in, the moving averages are neatly aligned, the MACD red histogram fluctuates but shows no signs of fading, and the overall pattern screams one word: rise.

**Reference strategy**: Lightly go long around 4275-4280
**Stop-loss reference**: 4270
**Target**: 4290, then 4300