12.18 Thursday Gold Market Outlook
Trading values certainty in trends, not fleeting impulses.
Yesterday's strategy was executed precisely: during the Asian session, buying at 4310, the price dipped to support at 4308 and then rebounded, with an evening target of 4350, achieving a 40-point swing.
Technical Analysis
• 4-hour level: Supported by expectations of a Federal Reserve interest rate cut and positive non-farm payroll and initial claims data, gold prices are approaching historical highs, currently consolidating at elevated levels. The Bollinger Bands are narrowing upwards, while the MACD shows a death cross and KDJ is moving downwards, indicating a short-term need for correction; lower support at 4280 and middle support at 4318, if 4300 holds, bulls may push for new highs.
• Daily level: Four consecutive days of closing with doji candlesticks, with intense bull-bear competition, 4350 is a short-term resistance level. Market bullish signals dominate, with indicators clearly showing a bullish trend, and a new high is imminent.
