Winner's Word: 12.16/17 Gold price is waiting to burst! Gold short-term trend and operation strategy

　　Overnight gold prices hit a new low of $1753.77 an ounce since Oct. 12, but closed up more than 0.3% in the final session. Spot gold today extended last trading day's gains as the U.S. dollar weakened following the Federal Reserve's announcement of its decision to end its pandemic-era bond-buying program in March. In addition, it is worth noting that India's gold imports will soar to the highest level in six years! On the demand side, some analysts said that they are still bullish on gold: "The price of gold next year will depend on the overall investment sentiment, but I don't think we will experience the continued downturn in gold prices between 2013 and 2015 again." This is due to the fact that the current situation in terms of interest rates, inflation and the risk environment in the stock market is very different from the past. ”

　　Gold gave a short flip last night, deep V reversal, the whole structure, is currently only the first wave of the rise, the four-hour level is the fifth consecutive Yang line, the back will be for 1877 to last night's low of 1752 at least give 3 waves of rebound, the whole rise if the rise is particularly good, let's not talk about the reversal, there is a chance to return to the 1820/1830 area, if the rebound is not good, that is more than 1800 a little 15 minutes today at the high out of a guide wedge pattern, when this structure is finished after the high probability will pull up a wave, not necessarily pull up a lot, and then pull up a wave is likely to rise to the previous strength position 1790/1794 area, this position is also the point that has not been past before, here is likely to block the first wave of rally, thus forming a fall. If there is a pullback tonight, the qualitative can only be pulled back, and there will be a third wave of rise. In the short term, several aspects of the reference: the daytime low of about 1775 (around 9 o'clock in the morning) the opening price at 1776, then we can initially think that if the evening falls below 1775, proving that the small level, the short-term level will continue to adjust, that is, the second wave of retracement, no break before 1775, the probability of upward is greater, so: If the US disk appears to fall back to near 1780 can enter the market more orders, take profit unified can be set near 1793.