12.17 Gold

Last night it first dropped to 4280 to fill the gap, then the non-farm payrolls were "disappointing"—the employment numbers look high, but the quality is poor. Gold took the opportunity to soar, with a big bullish candlestick reaching 4336, then it dozed off sideways.

This morning: slightly higher opening, but as soon as it hits the upper level, it gets "capped"—same old story—high-level fluctuations. The MACD golden cross is still there, swaying above the zero line, the bulls are just taking a breather, not turning against us. Don't chase the buy, wait for a pullback to get in.

Gold: Buy in the 4300-4310 area, target first at 4340, if it breaks through, then look at 4360.