现货黄金破纪录暴涨

12.17 Gold (XAU)｜Zhao Zhao Bull and Bear Tug-of-War, Waiting for Directional Choice Within Converging Range

Yesterday, we provided a target of 4290→4320 for the gold market, and after following the trend, we gained 49 dollars. Subsequently, we also achieved the final stop-loss position at 4291. Today, let's continue to observe.

First, let's discuss the unemployment rate and the overall neutral revision of non-farm data released by the U.S. yesterday. Coupled with the impact of earlier data revisions, market sentiment has not been significantly ignited, and gold has failed to produce a unilateral market, with prices showing more signs of repeated fluctuations at high levels. Currently, there is a lack of further catalysts on the macro level, and market participants are in a wait-and-see phase, leaning more towards technical dominance in the short term.

Looking at the market again, after gold found effective support around 4270, it rebounded, but there is clear resistance near 4330, and consecutive highs have not formed effective breakthroughs. On the hourly chart, the highs are gradually descending, and the lows are slowly rising, forming a typical converging triangle structurally. The tug-of-war between bulls and bears is intensifying, and before new information pushes the market, the probability of range-bound trading is relatively high.

Suggestions:
If rebounding to around 4330, the target is to look at the 4300 level;
If it stabilizes after a pullback to around 4295, one can consider participating in a low buy, still targeting 4330.
(Strategies are time-sensitive, please pay attention to position control and carry protection, for reference only)$BTC $ETH $SOL #美国非农数据超预期 #加密市场观察 #现货黄金破纪录暴涨