Zhuoyuan 12.15 Gold Morning Review
The tender sprouts breaking through the soil all have the ambition to reach the sky; the dormant pupae harbor the aspiration to spread their wings to the heavens. But dreams are not mere fantasies; without down-to-earth efforts, even the grandest visions will only become empty talk. Every drop of sweat is a prologue to luck; time never disappoints the dedicated dreamers. By gritting your teeth and persevering, you will ultimately be filled with your ideals! Only by giving your all can you not waste the precious years and not betray your passionate初心！
This week, we need to focus on the fundamentals: First, the delayed November non-farm payroll data will be released on Tuesday evening at 20:30; secondly, U.S. retail sales data and CPI will be published on Wednesday and Thursday, respectively; in addition, there is market speculation about the possibility of the Bank of Japan lowering interest rates by 25 basis points on Friday; finally, this week is the last week before Christmas, and the trading sentiment in the financial markets may be more complex, with volatility likely to further increase, so be sure to manage risks well.
Last week, gold prices showed a clear dual-kill trend. After a slight rise to $4283 in the morning, prices began to retreat and fell to a stable $4264. In the afternoon, bulls made another effort, first breaking through the previous trading day's high of $4287, and during the European trading session, prices surged to above $4300, then accelerated upward, reaching a peak of $4339 before adjusting.
Entering the U.S. session, gold prices first quickly dipped to $4321 and then rapidly rose again, with a peak of $4354 during the U.S. session. However, unable to stabilize at a high level, gold prices subsequently experienced a rapid plunge, erasing all intraday gains within an hour and hitting a low of $4257. There was a slight rebound at the end, ultimately closing around $4300. The daily line closed with a small bullish candle with a long upper shadow, while the weekly line showed a small bullish candle with a high and then a drop.
Buy gold around 4290-4280, stop loss at 4250, target at 4350; if it cannot stabilize, consider light short positions, and continue to look at 4380 on a volume breakout.
The above analysis is Zhuoyuan's personal analysis; investment carries risks, and everything is subject to actual trading $BTC $ETH
