12.18 Thursday Gold Analysis

In short:

The trend is not over, the bulls still dominate, and pullbacks provide opportunities.

Yesterday, gold basically did not give the bears a chance, with prices consistently running above the moving averages. The high reached 4348, and the dip to 4301 was quickly supported, indicating a clear consensus in the current market—investors prefer to enter during pullbacks rather than gamble on the top.

From a structural perspective, the 4300–4310 range has completed the transition from resistance to support, serving as the current "safety cushion" for the bulls. As long as this area is not effectively broken down, it will be difficult for the market to see significant deep adjustments. Instead, every pullback will be quickly reversed.

The upper space is also quite intuitive; 4350–4360 is the area that needs to be digested in the short term. Once the volume stabilizes, the bullish target will naturally point towards the 4400 round number, representing a trend-following extension rather than a forced surge.

Currently, the market is in a trend strengthening phase. At this time, trying to guess the high points or catch pullbacks does not offer good value. A more reasonable approach is to follow the trend, participate during pullbacks, and hold patiently.

The idea is simple:

For pullbacks near the 4310 area, prioritize considering long positions;

In the short term, first look at 4340–4350, and if it strengthens, then look at the upper space.

The market is not complicated; the key is not to operate against the structure. $BTC $ETH $XAU #黄金 #黄金代币化 #美国非农数据超预期