12.19 Dong Yan: Gold's Dual Pin Bars in the Early Morning, Where Will Japanese Interest Rate Hikes Take Gold Prices?

Overnight, the U.S. November seasonally adjusted core CPI year-on-year recorded 2.6%, the lowest since March 2021, and this data indeed firmly pushes the inflation narrative towards the dovish camp. Currently, on the daily chart, prices continue to maintain a high-level oscillation and repair, but the price center is gradually moving upwards. The pullback strength and continuity on the daily chart are not too strong, and the candlesticks continue to operate above the short-term moving averages. Therefore, the daily trend is likely to continue upward, and today we will focus on the Bank of Japan's interest rate hike dynamics in the afternoon!

In the short term, we need to first pay attention to the resistance in the 4350-4355 area above. This area has previously suppressed gold prices multiple times. Although gold prices briefly broke through this area yesterday, they failed to establish a firm footing and subsequently fell back below the resistance level. Today, we need to closely observe whether this area continues to exert pressure: if this resistance is effective, the market is likely to continue oscillating; if gold prices break upwards and stabilize in this area, the overall trend will maintain a rhythmic upward oscillation after repeated washing out.

Gold: 4305-4310, target 4335, 4350. $ETH $SOL $BTC #巨鲸动向 #美国非农数据超预期 #美联储官员集体发声