12.18 Evening Thoughts

Gold prices have been fluctuating narrowly between 4330-4338 before the European session, and the price has touched the edge of the ascending triangle trend line; a breakout will trigger a one-sided market.

The support boundary point below is 4320; if it fails, the range will look at 4280-4260; the key resistance above is 4350-4355; a breakthrough will lead to a historical high of around 4380.

In conjunction with the recent trend of rising gold prices in the US session, focus on the effectiveness of the breakthrough in the 4340-4350 area during the European session. If it stabilizes at 4350, one can hold long or increase positions on dips, targeting directly at 4380-4400.