Liu Erfei: The Christmas market trend has arrived, where will today's gold price go?

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The so-called Christmas market has a clear time frame, specifically the last five trading days of December and the first two trading days of the following January, totaling seven trading days. During last year's Christmas holiday, gold fluctuated within a range of 31. From the market environment, this week, due to the Christmas holiday in Western markets and the lack of major news, market liquidity will decrease. Based on past market patterns, it is expected that the fluctuation of gold this week will not be large, and the market is likely to be volatile. However, this morning gold has already hit a new high, and the market fluctuations will intensify again.

Today's focus is on the resistance line of 4380, with recent bottom support moving up. Last week's support was at 4300, which has now broken upward. If it stabilizes at 4380, gold may see a decent increase, continuing the bullish trend.

(For reference only)

Big yellow is expected to rise near 4350-4360.

The target is around 4390-4400.

Disclaimer: The gold market analysis and trading suggestions provided by this account are for personal opinion reference only and do not constitute investment decision-making basis.