12.21 Precious Metals Review: Gold Strongly Surges to New Highs, Firmly Maintain Bearish Outlook for Next Week

Recently, the movements of gold and silver have been highly volatile, causing many investors to be repeatedly trapped in positions, with long and short operations often misstepping, making it difficult to grasp the trend direction. If you are facing losses from trapped positions and are unsure about when to take profits or cut losses, it might be worthwhile to find a professional direction, seizing profit opportunities amidst risk control and trend judgment.

After breaking the resistance yesterday, international gold continued its upward trend, displaying a “stronger getting stronger, oscillating upward” pattern. London gold reached a peak of $4356.32 per ounce during the day, and was reported at $4338.67 per ounce at the time of writing, with a slight increase of 0.06% during the day, firmly standing in the key range of $4330; London silver rose by 2.26% to $67.04 per ounce, and New York silver futures increased by 3.34%, creating a resonance in the precious metals sector.

The core support logic continues to strengthen: the Federal Reserve has released expectations for interest rate cuts in 2026, a $40 billion short-term Treasury purchase plan has released liquidity, pushing the dollar index down to the support level of 98 and weakening for the third consecutive week; the number of initial jobless claims in the U.S. has seen the largest weekly increase since the pandemic, exacerbating the economic weakness and increasing risk aversion; central banks and institutions around the world are increasing their gold holdings, and Goldman Sachs maintains a target price of $4900 by the end of 2026, with a solid long-term bullish logic.

In the short term, vigilance is needed regarding profit-taking pressure in the $4350-$4360 range, as well as the approaching volatility window on the 34th trading day of the rebound, with some funds remaining cautious before key resistance. Currently, retail bullish sentiment is high, but the overall market shows “trend dominance with limited pullbacks,” contrasting with the previous oscillating pattern.

Next week’s layout strategy: Stick to the expectation of a short-term bearish pullback, and the plan to short on waves remains unchanged. Although short-term bulls repeatedly reverse the downturn, the overall trend has been set, and the rebound does not hinder the final bearish expectation. Focus on the key short positions around the resistance levels of $4350-$4353 and $4375 during the day, with the main bearish direction unchanged!

Currently interested in accumulating gold/financial gold, gold, silver, and foreign exchange investments, or just stepping into the gold market, facing shrinking funds and unsatisfactory returns, feel free to reach out to me. This article is planned by the gold and crude oil accumulation analyst Lingzhi team, and the content is for learning reference only. Trading based on this is at your own risk, and discussions are welcome! $BTC $ETH #比特币流动性 #美国非农数据超预期 #加密市场观察