#数字资产市场动态 Gold's trend is quite interesting. Today, during the Asian session, it dropped straight to 4448.40 and then rebounded. During the European session, it surged to the key resistance level of 4531.27 but was pushed back. Afterwards, it kept oscillating around 4507.47, essentially in a range-bound market, unable to break through.

From the broader environment, the US dollar index remains near 97.80, close to its two-month low. Plus, US November CPI has fallen to 2.7%. The market is now betting that the Federal Reserve will cut interest rates next year. Both factors are providing a floor for gold. However, liquidity is poor at the end of the year, with both bulls and bears cautious, making a breakout even more difficult.

On the candlestick chart, the short-term and medium-term moving averages are pressing down from above, while the long-term moving average is supporting from below. Overall, it remains in a tug-of-war state. Tonight's key point is whether 4531.27 can be broken with volume, while also holding the 4500 support level.

From a trading perspective, if the price stabilizes after retracing to the 4480-4495 zone, it can be considered bullish, targeting 4525-4550-4580. If it breaks below 4475, exit the position; the downside targets are 4450-4430. In a ranging market, high sell and low buy strategies can be employed. Be cautious of false breakouts at year-end, strictly control position sizes, and stay alert to sudden USD fluctuations.

Pure personal opinion shared, not as any trading advice. Trade at your own risk.
$XAU