12.18 Thursday Brother Liang Daily Profit — Exclusive Analysis

Overnight gold closed with a bullish engulfing line. Previously, the strategy indicated to watch the previous high resistance at 4350. During the session, short positions at 4337 and 4346 were closed with profits, totaling 34 points.

The intraday gold trend broke the recent common upper shadow pattern, closing with a strong bullish body. The three Bollinger Bands on the daily chart remain upward, and if the price can break through the previous high, there is potential for further upward movement. Support levels below are solid, with the 4300 level not broken. Even if there is data impact during the day, the downside probability is limited, and support can be adjusted upward accordingly.

The four-hour chart shows that gold prices remain volatile at high levels, with the three Bollinger Bands gradually narrowing. The MACD fast and slow lines are converging, showing signs of forming a bullish crossover again, which warrants attention to this signal's development. Watch for resistance at the previous high and focus on support in the 4285-90 area below.

Regarding crude oil, there was a significant rebound overnight with a bullish close. After four consecutive days of decline, yesterday's bullish line formed a bullish engulfing pattern, indicating that the bearish momentum has weakened. Intraday, attention should be paid to the closing situation: if it closes again with a bearish line, the market remains weak and may enter a low-range consolidation; if it continues with a bullish close, the rebound is likely to persist.

The short-term four-hour chart has broken through the middle band of the Bollinger Bands, and the breakout of the central zone reflects a recovery in bullish strength. Today, focus on the support at yesterday's US session low. In terms of operation, consider light positions near the previous low but not breaking below it for a long position; otherwise, remain on the sidelines for now.

Regarding the US dollar index, the 97.8 support remains effective, and the overall trend is downward. Resistance above can be watched around 98.8, near the top-bottom reversal zone, while support below continues to observe the previous low. Be aware that evening data may cause short-term volatility.