Morning Trend | LAOPU GOLD funds are on the sidelines, is a volume pullback to support coming?

As of the close on December 10, LAOPU GOLD (6181.HK) has been hovering near the lower Bollinger Band for several consecutive days, repeatedly testing the key support level of 612-615 yuan during the trading session. Despite some initial capital divergence and limited buying interest, overall trading activity has been noticeably sluggish. The Hong Kong stock market's gold sector is generally weak, driven by the recent resurgence of expectations for interest rate hikes by the Federal Reserve, as well as the simultaneous strengthening of the US dollar and US Treasury bonds. The external gold prices have consolidated without causing significant fluctuations, leading most funds to adopt a wait-and-see approach. The sector's news front is quiet, lacking catalysts for a rebound. LAOPU GOLD has seen low trading volumes in recent sessions, with ongoing technical pressure being released, indicating signs of capital reallocating. Some market voices are focusing on year-end gold price fluctuations and potential policy support, but actual buying has not followed suit. The MACD and short to medium-term moving averages reflect the weakness of bulls, with bears controlling the pace. Investors are paying attention to the gains and losses of support levels; if there is a significant volume breakdown, short-term space may further open up. In terms of risk, if there is no significant improvement in news and external gold prices, the willingness to relay hot spots is low, and short-term fluctuations should be cautious of end-of-day anomalies. As of the close, there were no major company announcements or industry positive news released, relying solely on technical aspects and changes in market trading sentiment. In the current situation of quiet trading and capital hesitation, if a volume increase occurs at the key support level to halt the decline, it may attract some left-side capital to rush in; otherwise, the downside risk is difficult to eliminate. It is currently recommended that investors closely monitor intraday volume and price changes, in conjunction with external gold price movements and Federal Reserve policy trends, to dynamically adjust their operational strategies. Overall, LAOPU GOLD remains under pressure in the short term, and caution is advised for chasing prices, while right-side following should wait for the latest signal verification