On Wednesday (December 17), during the Asian market session, spot gold accelerated its rise, with international gold prices reaching an intraday high of $4342 per ounce, an increase of $40 for the day. London gold prices stabilized above $4300 per ounce but failed to break through the weekly high of $4350 per ounce. International gold buyers are still waiting for new market catalysts.
The US non-farm payroll report for November is the core reason for recent fluctuations in gold prices. After the report was released, gold prices surged to an intraday high of $4335.20 per ounce; as investors digested this mixed report, prices significantly retreated from the highs, dropping to around $4290 per ounce, and then rebounding slightly. #BinanceABCs Looking ahead to the next 15 days, gold shows a robust consolidation trend after a strong rise. The US labor market, while resilient, is experiencing a slowdown in growth, which reinforces market expectations for further interest rate cuts by the Federal Reserve in 2026, providing support for gold prices. Going forward, it is essential to pay close attention to Federal Reserve officials' speeches and the potential impact of CPI and PCE data on market sentiment.
Technical Analysis
The overall bullish trend for gold remains unchanged, and it is in a pattern of oscillating upward; one can look for opportunities based on the strength of adjustments.
On the hourly level, a large range oscillation is maintained, and the oscillation amplitude is gradually narrowing; if gold prices fail to break through yesterday's high and low points, the hourly chart may form a symmetrical triangle pattern.
The intraday operation leans towards buying on dips, and chasing highs is not recommended, with key support at the 4-hour midline of $4300 per ounce.
Gold Trading Strategy
1. Buy on the rise at $4305-4310 per ounce, and add to long positions if there is a pullback to $4300-4295 per ounce.
2. Set the stop-loss at $4280 per ounce, targeting the range of $4350-4380 per ounce; if the target is broken, one can continue to hold.
Market Review Yesterday, spot gold rose and then fell, opening at $4300.6/ounce, dipping to $4290.3 before surging to a high of $4350.6, then plummeting to $4285.2 at the end of trading, finally closing at $4305.5, with the daily line recording a long upper shadow shooting star, signaling a short-term adjustment.
2. Technical Signals and Position Risk Control The high shooting star suggests weakness in the bulls, and a subsequent high probability of a pullback or fluctuation.
◦ Previous positions at 3322/3325, 3368-3370, 3377/3385, 3563 long positions: reduce positions and adjust stop loss uniformly to $4000;
◦ Last week's 4174/4176, 4184/4187, 4205/4208 long positions: adjust stop loss to $4220.
3. Key Price Levels and Trading Strategy Support at $4285, break below to test $4250; resistance focused at $4350, do not chase high if not broken. Today's operation: short at 4345-4347, stop loss at 4358, target at 4320/4305/4290/4285, break below to look at 4272/4265 to exit and reverse to long.
On December 12, the spot gold price showed strong performance, rising by 0.48% in a single day, closing at around $4300 per ounce, with a daily high of $4353, marking a new price peak since October 21. During the same period, U.S. gold futures also rose by 0.4%, with the settlement price fixed at $4328.3. #巨鲸动向 The rise in gold prices is primarily driven by adjustments in the Federal Reserve's monetary policy. Last week, the Federal Reserve completed its third interest rate cut of 25 basis points this year. Although it stated that it needed to wait for more economic data to decide on the pace of future rate cuts, the market still has strong expectations for two rate cuts next year, providing strong support for gold prices.
As a traditional safe-haven asset, gold continues to attract capital inflows in an environment of increasing global uncertainty, significantly boosting bullish confidence. On December 15, in the early Asian market, spot gold entered a narrow trading range, currently trading around $4321.
December 16 Gold Market Analysis and Trading Strategy
Market Dynamics On December 16, during the Asian market's early session, spot gold fluctuated slightly lower, trading at $4307 per ounce. Yesterday, gold prices were boosted by expectations of interest rate cuts and fluctuations in the dollar, briefly approaching the $4350 mark, a high not seen in over seven weeks; however, due to news regarding Russia-Ukraine talks dampening safe-haven sentiment, coupled with profit-taking, gold prices retreated after peaking, ultimately closing with a slight gain.
Today, attention should be focused on the U.S. October retail sales month-on-month rate (a critical data point) and the geopolitical situation in Venezuela, as the data and news will influence expectations for Federal Reserve policy and the trend of gold prices.
Technical Analysis Gold maintains a broad fluctuation pattern, with the daily line showing a healthy bullish arrangement; the price is stable above the MA5 moving average, and the medium to long-term upward structure remains intact. However, short-term indicators show divergence; the RSI has retreated from overbought levels, and the MACD red histogram is contracting, indicating a need for a technical correction. #巨鲸动向 Trading Strategy
• Long Position: Enter at $4280-$4285, stop loss at $4270, target at $4330-$4350
• Short Position: Enter at $4330-$4335, stop loss at $4350, target at $4300-$4270
Key Levels Support Levels: 4286/4273/4255 Resistance Levels: 4320/4338/4350
Recently, the gold market has experienced wide fluctuations at high levels, with many investors falling into the trap of losses due to predicting corrections and chasing prices.
International Gold
On December 15, the gold price traded at 4339 USD/ounce, just 42 USD away from the historical peak of 4381 USD, in a strong oscillating pattern.
• Core Support: Doubts about Federal Reserve policies, escalating geopolitical risks, continuous central bank gold purchases, inflows into gold ETFs, coupled with increased volatility in the bond market generating safe-haven demand. #美联储降息 • Technical Analysis: The 4-hour chart has broken through the upper Bollinger band, the MACD red bars are expanding, and buying pressure is strong; short-term support at 4270 USD, stabilizing at 4350 USD may target the 4400 USD level.
• Key Catalyst: If this week's U.S. non-farm data shows significant strength, it could boost U.S. bond yields and the dollar, putting pressure on gold prices.
• Trading Suggestions: Go long in the 4320 range, increase positions in the 4330 range, stop loss at 4285, target 4380-4385.
Domestic Gold Varieties
Shanghai gold main contract reported at 980.28 CNY/gram (up 0.31%), Rongtong gold selling price at 977 CNY/gram, repurchase price at 974 CNY/gram, with stable quotes for accumulated gold from various banks.
• Core Drivers: Three consecutive rate cuts by the Federal Reserve, central banks increasing holdings for 13 consecutive months, and rising geopolitical risks.
• Technical Analysis: Moving averages are in a bullish arrangement, London gold RSI has not reached the overbought zone, still has upward momentum; Shanghai gold resistance at 985 CNY/gram, support at 975 CNY/gram, Rongtong gold running range 972-980 CNY/gram.
• Trading Suggestions: Light positions in Shanghai gold at 978-980 CNY, stop loss at 973 CNY; increase positions in Rongtong gold if stabilizing at 980 CNY; focus on regular investment in accumulated gold, increase holdings below 965 CNY.
Trading requires the establishment of a comprehensive system for entry, exit, and risk control, abandoning mixed strategies, and precisely following trends to achieve stable profits.
Gold recycling price: The recycling range for pure gold 999 is 944-964 yuan/gram, brand gold stores recycle at 953-960 yuan/gram, and a handling fee of 3-10 yuan/gram will be deducted. Beware of false quotes above the market price.
#巨鲸动向 Gold recycling today's price list Gold recycling today's price table Gold material recycling price Purity gold recycling price 960 yuan/gram 99.9% 22k gold recycling price 846 yuan/gram 91.6% 18k gold recycling price 697 yuan/gram 75% 14k gold recycling price 539 yuan/gram 58.5% Market analysis: Gold prices are supported by the Federal Reserve's interest rate cuts, geopolitical risks, and central bank gold purchases, with a cumulative increase of nearly 60% this year. In the short term, it is expected to fluctuate between 4300-4350 USD, paying attention to tomorrow's US non-farm data. If employment cools down, it will help push gold prices to challenge 4400 USD.
The Federal Reserve's interest rate cuts + large-scale bond purchases, coupled with inflation issues, are driving capital into gold and other commodities; the safe-haven properties of gold and the high return rates of silver are increasing overall attention on precious metals, with central banks, investment funds, and pension funds optimistic about the future of gold prices. #美联储降息 Bullish and Bearish Expectations Data
• Bullish Target: Break through $4433 per ounce; Bearish Target: Fall below $4200 per ounce
• Risk Point: The Bank for International Settlements warns that there may be a bubble in the gold market, and attention should be paid to the risks following sustained price increases.
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Don’t hesitate any longer! Watching others make a fortune while you keep missing the opportunities? Opportunities are fleeting, only those who dare to act can seize the profits! #巨鲸动向 This week's performance has been locked in! Next week, the gold long and short showdown will be in full swing, greater market opportunities await your challenge.
The overall transformation of gold has weakened recently, and a reversal has begun to appear. However, the overall core friends' important support has upward momentum, and the expectation for an interest rate cut on December 16th is strong.
The Federal Reserve Chairman still hopes to cut by 25 basis points, driving a wave of gold purchases, so the upward trend remains the main theme. The global economic growth is slowing, and risk aversion keeps gold as the main label. Investment demand is strong, but contracts are still in a fast-paced rhythm, with significant fluctuations. It is recommended to seize suitable entry opportunities.
Suggestion: Look for a stable profit-taking around 4185, with a larger range around 4225. #美联储重启降息步伐
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