Gold trend remains bullish, but avoid chasing highs next week!
From the technical perspective, Monday is expected to be volatile with a slight upward bias, and a pullback to buy on dips. However, be especially cautious on Tuesday and Wednesday: Federal Reserve minutes release + New Year's Day market closure + monthly and yearly chart closures, which may lead to increased market volatility and potential pullbacks.
Currently, gold prices are fluctuating in the 4490-4550 range, with an overall bullish bias. Trading strategies should focus on buying on dips, with additional short positions on rebounds. Key resistance levels are 4550-4560, and important support levels are 4490-4500.
It is recommended to operate with a light position, strictly set stop-losses, especially during the busy midweek event period.
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Gold trend remains bullish, but avoid chasing highs next week!
From the technical perspective, Monday is expected to be volatile with a slight upward bias, and a pullback to buy on dips. However, be especially cautious on Tuesday and Wednesday: Federal Reserve minutes release + New Year's Day market closure + monthly and yearly chart closures, which may lead to increased market volatility and potential pullbacks.
Currently, gold prices are fluctuating in the 4490-4550 range, with an overall bullish bias. Trading strategies should focus on buying on dips, with additional short positions on rebounds. Key resistance levels are 4550-4560, and important support levels are 4490-4500.
It is recommended to operate with a light position, strictly set stop-losses, especially during the busy midweek event period.