12.4 Dong Yan: Gold Long and Short Wash Plate, Beware of Air Force Attacks!

The "small non-farm" report released on Wednesday shocked the market, with the U.S. ADP employment figures for November decreasing by 32,000, while the market had expected an increase of 10,000. This has strengthened expectations for a rate cut in the U.S. next week, but spot gold rebounded after touching $4,240 and ultimately closed down 0.08%. Today, continue to pay attention to the initial jobless claims data at 9:30 PM.

Gold experienced a "roller coaster" market on Wednesday, dropping in the Asian and European sessions, then soaring in the U.S. session before a significant pullback, with the daily line closing with a small bearish candle. The market has been a bit difficult to navigate these past two days, with a common pattern of washing the plate; not only did the day session and night session trends appear to be inverse, but the night session also saw repeated washing. From the daily chart, gold has not refreshed its high point for two consecutive trading days, and today marks the third trading day. The longer the oscillation time here, the more it is likely to be bearish, especially since it is at the upper boundary of the range, so beware of wide range oscillations. Today focuses on making a short position, with upper resistance at 4215 and 4225, and lower support at 4195. If the price breaks below the 4195 support, it may open up downward space.

Gold: 4220, 4230 directly short, targets 4195, 4185, 4170. $BTC $ETH $SOL #加密市场观察 #ETH巨鲸增持