12.9 Gold (XAU) Evening Outlook

Gold (XAU) is currently in the central area of a recent fluctuating range, having not reached the upper resistance nor tested the key support, indicating a transitional phase where bullish and bearish forces are relatively balanced.

In terms of volume, recent trading volume has remained at a moderate level, with no extreme surges or drops, and the competition between bullish and bearish funds is mild, showing no signals of concentrated fund-driven movement.

The indicators in the sub-chart are in a neutral range, confirming the current transitional characteristics of the fluctuations. It is unlikely to see a trend-driven one-sided market in the short term; instead, one can rely on resistance and support for short-term high selling and low buying.

Operational suggestion: Sell at the line of 4210-4205, with targets at 4197 and 4186.