#大户持仓动态 Gold has reached a historical high again. This week, the release of U.S. inflation data seems to signal the Fed for further interest rate cuts. Although there are some uncertainties from the government side, the weight of the data has slightly diminished, but it is still a barometer for the market. Additionally, with the unemployment data continuing to improve, the job market shows considerable resilience. Silver has also been strong in leading the trend, and with the geopolitical situation in play, after the market digested these signals, gold surged all the way up, setting a new high.
From the technical chart perspective, last week gold fluctuated repeatedly at a high level, with doji candles lined up in a row. In the end, it chose to break upward. On Thursday, it surged to around 4374 before turning back down, eventually forming a daily double bottom at 4308, followed by another doji candle. By Friday evening, it again surged to 4356, then turned around to retrace to the support level at 4335.
The outlook for this week is still bullish, but we need to be cautious around Christmas, as we shouldn't rule out the possibility of profit-taking at high levels. Rather than chasing highs, it's better to wait for a pullback at the 4350 level, as that would be a good entry opportunity.
**Operation Suggestions:** - Gold: Long position in the 4348-4353 range, first target 4390, then looking up to 4400. - Silver: Long positions in the range of 66.7-66.8, target at 69 to 69.2
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MechanicalMartel
· 5h ago
Gold has soared again, I dare not chase it this Christmas, let's wait for a pullback and then talk.
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bridgeOops
· 5h ago
Gold has indeed been strong this wave, but it's best to avoid this pit during Christmas; being Tied Up at high positions is not worth it.
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OnchainGossiper
· 5h ago
Gold has reached a new high again. Why can't this wave just stop? The geopolitical situation card is being played really well.
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0xLostKey
· 5h ago
The gold market is indeed fierce this time, but we need to be cautious about the pullback before Christmas. I still prefer to buy low around the 4350 position.
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RektButStillHere
· 5h ago
Gold has hit a new high again, but be careful with this pullback during Christmas, don't catch a falling knife at high positions.
#大户持仓动态 Gold has reached a historical high again. This week, the release of U.S. inflation data seems to signal the Fed for further interest rate cuts. Although there are some uncertainties from the government side, the weight of the data has slightly diminished, but it is still a barometer for the market. Additionally, with the unemployment data continuing to improve, the job market shows considerable resilience. Silver has also been strong in leading the trend, and with the geopolitical situation in play, after the market digested these signals, gold surged all the way up, setting a new high.
From the technical chart perspective, last week gold fluctuated repeatedly at a high level, with doji candles lined up in a row. In the end, it chose to break upward. On Thursday, it surged to around 4374 before turning back down, eventually forming a daily double bottom at 4308, followed by another doji candle. By Friday evening, it again surged to 4356, then turned around to retrace to the support level at 4335.
The outlook for this week is still bullish, but we need to be cautious around Christmas, as we shouldn't rule out the possibility of profit-taking at high levels. Rather than chasing highs, it's better to wait for a pullback at the 4350 level, as that would be a good entry opportunity.
**Operation Suggestions:**
- Gold: Long position in the 4348-4353 range, first target 4390, then looking up to 4400.
- Silver: Long positions in the range of 66.7-66.8, target at 69 to 69.2
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