12.10 Gold Morning Review: Stalemate on the Eve of the Decision, Waiting for Breakthrough Signals in Range
Today, the market is focused on the Federal Reserve's interest rate decision. Gold is exhibiting a typical cautious fluctuation pattern before major risk events, with prices continuing to narrow around key ranges. Before clear directional breakthrough signals appear, the optimal trading strategy remains to sell high and buy low within the range, while being wary of sudden market movements following the convergence of fluctuations before the event.
Today's opening price performance is relatively weak, although it has temporarily stabilized above the 4200 mark. However, from a recent trend perspective, the support at this level is not unbreakable, and both bulls and bears lack clear momentum, resulting in a strong wait-and-see sentiment in the market.
Gold Suggestion: It is recommended to lay out short positions in the 4215-4225 range, targeting around 4170. During operations, closely monitor changes in market sentiment before the Federal Reserve decision and adjust stop-loss orders in a timely manner to control risks.
The M country bank continues to be optimistic about gold, recommending that the bulk commodity sector will be the best hot trading opportunity next year. Michael Hartnett, Chief Investment Strategist at Bank of America, latest prediction: The global economy is shifting from the "monetary easing + fiscal tightening" model after the financial crisis to a new paradigm of "fiscal easing + de-globalization" after the pandemic.
Gold is currently still trapped in a volatile pattern, with no obvious one-sided trend, and the market is waiting for the Federal Reserve's interest rate decision early Thursday morning; the direction is likely to become clear only after the data is released.
Yesterday, the short position around 4220 has profited as expected! Currently, the 1-hour chart is fluctuating back and forth; within the range, remember not to chase highs and kill lows: the short-term resistance above is 4220, which can continue to sell high under pressure in the morning; below, pay close attention to the support zone of 4140-4120, and if it stabilizes, a small position can be taken to bet on a rebound.
Right now is the calm before the storm; patiently trade within the range and wait for the interest rate decision to trigger a big market movement!
Gold on Friday was like a roller coaster, first breaking through the key resistance level, then dropping down, with the lowest point in the tail end falling to around 4198. It ultimately closed with a long upper shadow bearish candle, and the trend was similar to what was previously expected.
From the daily chart, this upper shadow bearish candle indicates that there is significant pressure above. The previously bullish funds have started to take profits and exit after the rebound. Gold has fallen from 4380, and now it has rebounded to a key area, which may form a "double top" pattern (just like a mountain peak with two high points), so I think the rebound may be temporarily halted, and it is highly likely to adjust downwards next.
Today's trading suggestion mainly is "short on rallies"
• Focus on the pressure in the range of 4228 to 4245 above; if it rises to this vicinity, short positions can be considered;
If it breaks below 4170, then from the four-hour chart, the market may change from oscillation to a clear downward trend, potentially seeing 4130 or even 4050. If the market itself is relatively weak today, it may not even rise above 4220; at this point, you can monitor the 5-minute chart for signals, and wait for a clear downward signal to enter a short position; if it unexpectedly breaks through 4220, then wait for it to rise to the range of 4228-4245 before placing short orders.
This week, the gold trend accurately verified expectations! The stabilization signals and capital movements that have been continuously tracked previously have all received clear confirmation from the market this week.
Market judgment is always based on reality: when opportunities arise, clearly decompose the entry logic; when key positions are under pressure, promptly calibrate the direction of views. All decisions stem from prior simulations, and every operation has rigorous logical support, with a process that is open and transparent.
In the face of market fluctuations, we respond pragmatically, actively expanding opportunity space while strictly maintaining risk bottom lines. This is the core value of rational analysis—clear thinking, steady execution, and the final result naturally follows.
Next week's market analysis outlook has been sorted out, and we welcome you to continue to pay attention and track the market context with us to grasp potential opportunities.
Yesterday's layout was a short position on gold at 4260, the highest level for shorts, dropping to the 190 line, capturing nearly 70 points during the day, very appealing.
Yesterday's goal was perfectly concluded, and the sense of securing profits is fulfilling! Sticking to a steady pace without chasing highs or rushing in is indeed the winning ace in trading.