Morning gold trend observation (December 22) #美国就业数据表现强劲超出预期

The performance of spot gold this week has been quite noteworthy. Last week's high reached 4356, while the low dipped to 4309. Overall, it has been a rhythm of a rebound after probing the bottom, followed by oscillation within a range. By the 19th, the selling pressure from the bears had visibly eased, and the support at the 4310 line was validated. The bulls attempted to rally, but the pressure around 4360 was still quite apparent.

During the rebound process, it was indeed observed that funds were picking up at low levels, but after surging to 4356, it fell back down—indicating that there is still a lot of wait-and-see sentiment at high levels. The range between 4330 and 4360 has seen intense battles between bulls and bears, and in the short term, the market sentiment appears to be cautious.

Trading strategy

Bullish Strategy: If the price stabilizes in the 4330-4310 range and closes with a bullish candle, consider taking a light position for a long order, targeting 4350-4360, with a stop loss set below 4309.

Short strategy: If the rebound reaches the 4350-4360 resistance zone and is rejected, open a light short position when a bearish candle forms, targeting a return to 4330-4310, with a stop loss set above 4357.

The subsequent performance of the US non-farm payroll data is still worth paying attention to, as it may drive the future market trends.