12.23 Sister Ke Market Analysis

From a technical perspective, gold quickly fell back after reaching the key resistance level of 4497.72, forming a short-term high. The momentum for a breakout above is clearly weakening. Pay attention to the resistance at 4487; if the upward momentum is insufficient and the high point decreases, market sentiment will shift from being dominated by upward trends to favoring downward trends.

Moreover, the earlier steep upward trend often lacks the sustained support of volume and fundamentals, making it prone to sharp corrections after rapid increases.

The gold suggestion is to sell around the current price of 4485, add at 4497, with a stop loss at 4505, and target levels at 4468-4440-4410

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