12/19Au Daily Review Thoughts on Gold

The core rhythm of December gold is oscillation and upward trend. From Monday's oscillation in the 4320 range to Friday's dip to 4271, surge to 4375 before returning to 4320, coupled with Thursday's extreme movement of a $50 drop after breaking the high, all validate this rhythm.

For Friday's market, the conclusion is very clear: continue to oscillate and build strength, ultimately aiming for a bullish breakout. The low-long strategy remains unchanged with key support and resistance & operational thoughts:

Daily support: 4318, 4280, which are the core support of the bullish trend.

Four-hour oscillation range 4354-4285, lifeline 4318, with lower edge and daily moving averages providing overlapping support.

The core support at the hourly level is 4309-4306. If maintained, it is expected to form a broadening pattern for a breakout; if broken, the extreme support is 4264-4260 (try to avoid touching this, otherwise the oscillation next week will be amplified).

Key time points to focus on are around midnight, determining the direction of the weekly close.

Maintaining the low is key. The early session low long near 4313 has been realized. If 4309 is held, then look for an increase to 4330-4354-4375; if it breaks, wait for 4280 support to go low long again.

Additional thoughts: this wave of oscillation is a chip exchange for the New Year market, and the low-long strategy remains unchanged, just control the position to cope with the oscillation $BTC #美国非农数据超预期