Li Xiaohan 12.17 gold today perfectly released the bullish momentum, tomorrow exhausted to short the idea

　　Golden message surface analysis:

　　The Fed hinted on Wednesday (Dec. 15) that its inflation target had been achieved, saying it would end its pandemic-era bond-buying program in March, paving the way for three 25 basis point rate hikes by the end of 2022. Britain's consumer price gains in November, released on Wednesday, hit a more than a decade high, jumping to 5.1 percent year-on-year growth from 4.2 percent in October, and investors sharply increased their bets on the Bank of England's impending rate hike. This will be the first rate hike since the CORONAVIRUS pandemic. ECB officials are expected to declare the pandemic's emergency asset acquisition program (PEPP) limits up, but investors will be watching how the six-year-old asset purchase program (APP) will pick the strings, even though interest rate hikes are still far away.

　　The market's most focused Fed December interest rate meeting ended last night. The Fed left its benchmark interest rate unchanged, announcing that it would double the rate at which it would scale back its purchases from mid-January, the dollar and safe-haven currencies fell, and the dollar index rose 0.35% intraday to test intra-year highs before reversing gains. Although Fed officials hinted that there could be three rate hikes in 2022, Fed Chairman Jerome Powell said at a subsequent press conference that monetary policy tightening would remain gradual. His speech was seen as dovish, causing the dollar to fall sharply, while gold had the opportunity to reverse the decline in response to a rapid rebound.

　　Gold Technical Analysis:

　　Gold broke the recent low of 1761, the daily line included a long lower shadow line, closed above the opening price of 1769, the 1767 horizontal support did not physically break. In terms of daily pattern, yesterday's k-line is a preliminary reversal k-line, and what everyone needs to pay attention to is the confirmation of the bottom, because the k-line has not yet left the oscillating range of 1760-1792, so it is necessary to confirm the bottom, after the initial reversal k-line appears, it is necessary to confirm the physical breakthrough of the 1792.6-day line, and after the confirmation, the further resistance that needs to be paid attention to above is near 1815. Below still need to pay attention to the gains and losses of the 1767 line, once the daily entity falls below this position, it will increase the further downside risk of gold prices, gold prices want to bottom, need to quickly get out of the 1794 area of resistance suppression this week, if it has been oscillating at this position, blocked, it will also increase the downside risk.

　　Short-term 1 hour, gold prices yesterday out of the new low after 1752, MACD indicator formed a bottom divergence of the rebound, is currently correcting the indicator, the rebound is not over, the expected rebound position is near 1794, but due to the continuous rise of nearly 30 US dollars, in addition to encountering the downtrend line suppression since 1793, the short-term there is a need for a downward adjustment, the adjustment position can pay attention to 1778-1780 in the evening, this position is the initial support of the day, The ideal long position in 1770-1775, 1770 is the neckline position of yesterday's V-shaped reversal, 1775 is the low point of this morning's retracement, but this position is deeper, but also the position of the adjustment of the limit, the operation can refer to these two positions to enter in batches, above the attention to the downtrend line breakout since 1793, break through this position, then the short-term adjustment will confirm the end, the later rising position is expected to be around 1808. In summary, the upper focus is on the 1810-1815 first-line resistance, and the lower focus is on the 1780-1785 first-line support.

　　Li Xiaohan operation ideas: the daily line appeared a preliminary reversal k line, the current successful break of resistance 1795, but the current gold price has been in the 1760-1795 range sideways for too long, do not rule out the future market rush higher and fall back to the market, then we need to pay attention to the short opportunity near 1808. It is recommended to rebound 1808 short orders to enter the market, target 1797-1787-1777-1767, stop loss level 1818;

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