Market Insight: On December 18, 2025, gold prices surged like a runaway horse in the global financial markets, driven by weak U.S. employment data, renewed expectations of Fed rate cuts, and escalating geopolitical tensions. On Wednesday (December 17), spot gold continued its upward trajectory, peaking at $4,348.70 per ounce before settling near $4,338, marking a gain of nearly 1%. Meanwhile, silver prices broke through the $66 barrier, reaching a historic high of $66.88 per ounce, while platinum also hit its highest level in over 17 years. Market focus now shifts to Trump’s national address and the delayed release of U.S. November CPI data.
Overall, gold’s future trajectory hinges on multiple evolving factors. This rally is not just a short-term reaction to economic data and geopolitical tensions but also reflects heightened global uncertainty. In the precious metals market, silver’s strength may signal further rotational trends, while gold, as a core safe-haven asset, is expected to maintain its luster.
Gold Technical Analysis: Gold fluctuated between $4,348 (high) and $4,315 (low) on Wednesday, with gains in the Asian and European sessions followed by consolidation and repeated tests of highs during the U.S. session. While the bullish trend remains intact, two key points should be noted: First, the current uptrend is oscillatory, so excessive reliance on directional continuity should be avoided. Second, sudden market shifts could trigger a deeper correction in the near term. Thus, this week’s strategy involves both trend-following longs and cautious shorts at elevated levels.
Currently, gold has struggled to sustain bullish momentum above $4,350, with each pullback showing relative strength. The outlook for Thursday and Friday remains unchanged, with expectations of a dip toward $4,280 and $4,250.
From a technical perspective, the daily and 4-hour charts show limited changes, with the daily chart’s bullish structure still intact. A breakout above $4,355 could extend gains to $4,385, but a drop below key moving averages may open downside risks, potentially retesting last week’s low of $4,250. The 4-hour chart indicates a consolidation phase, with Bollinger Bands narrowing and moving averages converging. The double-top resistance at $4,350 remains unbroken, suggesting short-term selling pressure below this level for a corrective move—provided $4,355 holds. Conversely, trend-following longs should be considered near support levels. Key levels to watch: resistance at $4,355, and support at $4,300, $4,280, and $4,250.
Silver Technical Analysis: Silver opened slightly lower yesterday before staging a strong rally, peaking at $66.88 and closing near $66.22 with a long-upper-shadow bullish candle. Today’s strategy suggests buying on dips to $65, with a stop-loss at $64.5, targeting $66.9, $67.5, and $68–$68.3.
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