Jin Dachuan 12.16 Gold Early Morning Thoughts
Currently, the market shows that the second dip after forming a double top structure is nearing its end. The four-hour level is still strengthening, and the support in the range of 4260-2480 is very strong. It is recommended to continue focusing on low volatility during the day, with high volatility as a supplement.
Recommendation
Focus around 4280 for low volatility, defend at 4260, target 4340-4350, and if it breaks, continue to watch 4380.
If there is resistance at 4350, then switch to high volatility, defend at 4360, target 4320-4300
