12.18 Morning
Yesterday, the gold market showed a fluctuating and strong pattern, with the daily line ultimately recording a bullish candlestick. Considering the silver market's performance during the same period, today's trading strategy may prioritize establishing long positions on dips. However, it is important to note that before prices effectively break through the key resistance level of 4350, caution is advised regarding the continuation of the market's fluctuating and consolidating trend. Even if this resistance level is successfully surpassed, if prior highs are not simultaneously broken, there remains a possibility of gold prices rising and then retreating.
From a support perspective, the low point of 4320 that was retraced during the early morning constitutes a key support level for the day. When prices reach this level, consideration can be given to entering long positions. If buying pressure is strong during the day, 4335 may become a temporary low; once this level is breached, we can look further down to the support area around 4329. This level also serves as the dividing line between bulls and bears for the day, and there will still be opportunities to establish long positions after reaching it.
In terms of target prices, initially, we can look towards the previous day's high near 4349. If prices break through this level, we can continue to target the range of 4360-4380; conversely, if the resistance at 4349 cannot be breached, we can rely on this level for a small stop-loss attempt to establish short positions.
Specific operational strategy: If prices first retrace to the range of 4320-4329, we can gradually build long positions; if they first surge to the range of 4360-4380, we can consider light positions for testing.
