On Christmas Eve, be wary of fluctuations; gold needs to focus on the critical level of 4500!

Today is Christmas Eve, and during this holiday period, we must remain extremely vigilant about the market. Based on historical seasonal patterns and liquidity characteristics, the market is likely to follow two main paths: one is that most participants leave the market, leading to light trading and a narrow range of fluctuations; the other is that the main players take advantage of the thin trading environment during the holiday to launch sudden directional breakthroughs or intense two-way washing, completing short-term structural reshaping.

Currently, despite technical indicators and market sentiment pointing towards a mild close for gold and silver, there are potential uncertainties bubbling beneath the surface. Under low liquidity, price fluctuations can be easily amplified, and risks should not be underestimated.

As the European session approaches, the 4500 level has become the core psychological and technical pivot for the tug-of-war between bulls and bears in gold. If prices can stabilize at this level with effective volume, the short-term upward trend will further solidify, opening up upward space; if multiple attempts to break through face resistance and fall back, the risk of a technical correction will increase, and the lower support level will need to be retested. At this juncture, it is advised to adopt a wait-and-see approach, focusing on the effectiveness of key level breakthroughs and volume coordination, and avoid excessive exposure during sensitive periods of fluctuation.