12.19 Gold Morning Review: Caution in Friday's Fluctuations, Strong Momentum to Attack Again

The market has 'memory'; the back-and-forth battle between bulls and bears at high and low points reflects a collective consensus of capital on support and resistance. After the CPI announcement yesterday, gold surged, not driven by sentiment, but rather a breakout after digesting selling pressure during the previous fluctuations.

Currently, gold prices are fluctuating at high levels, with the bullish structure above 4290 remaining intact. 4308—4310 serves as a crucial starting point that bulls will fiercely compete for; the resistance at 4350 has weakened after multiple tests, and the probability of a breakout is increasing.

There was a brief spike in the early morning, but it lacked continuity, aligning with the 'up three back two' rhythm of fluctuations, requiring further confirmation from the European and American markets.

Operational Suggestion: Maintain a bullish outlook as long as 4310 holds, avoid blindly chasing highs, and wait for the market to strengthen and stabilize before considering a second test at 4350. In a fluctuating market, patience is more valuable than prediction #黄金