12.15 Brother Liang Daily Gold Gains — Asian Session Gold Strategy

Against the backdrop of ongoing de-dollarization worldwide, central banks' enthusiasm for gold allocation continues to rise. China's central bank has increased its gold reserves for 13 consecutive months, reaching 74.12 million ounces by the end of November; globally, central banks' net gold purchases in October surged by 36% month-on-month, providing long-term structural support. On the news front, the US November Non-Farm Payrolls report has been delayed to December 16 due to the government shutdown, coinciding with the Federal Reserve's interest rate decision meeting. The absence of key data makes policy expectations more uncertain; additionally, if the CPI data released on Thursday significantly exceeds expectations, it could trigger sharp fluctuations in the dollar, which may then influence gold prices.

Key Price Level Analysis

Resistance Above: Around 4353 (recent high and Bollinger Band upper band resonance area), breaking this level could open further upside space.

Support Below: Primary support: 4300 (daily middle band and a round number) Secondary support: 4280 (last week's oscillation platform)
Strong Support Zone: From 4257 (Friday's low) to 4253 (Bollinger Band lower band); if breached, it may trigger technical retracement.

Technical Indicator Interpretation

Daily Level: MACD red bars continue to expand, indicating sustained bullish momentum; RSI is in the strong zone but not in overbought territory, maintaining a medium-to-long-term bullish pattern.

Four-Hour Level: Bollinger Bands have not fully opened, suggesting the current trend is not purely strong in one direction; short-term caution is needed regarding momentum fading and range-bound oscillations.

Operational Advice: Focus on buying on dips overall.

Entry Zone: Consider entering multiple buy orders on pullbacks to 4290-4297 in the oscillation range.
Adding Positions: If the price revisits and stabilizes above the strong support zone at 4257, consider increasing positions accordingly.
Upside Targets: Initially around 4340; upon breaking this, watch the 4353 resistance; if that is broken effectively, aim for 4370.

Risk Tips: Pay close attention to CPI data impacts on the market and beware of short-term sharp fluctuations caused by data surprises.