**Gold Market Trend Analysis** On December 15, gold opened calmly on Monday at 4,295, with the highest intraday level reaching 4,308. The daily chart shows no significant shift in the bullish trend, though a single candlestick doji during the uptrend suggests potential reversal signals. Today’s session will test this candlestick’s validity—if the price breaks higher, further upside momentum is likely.
However, the 4-hour chart indicates a sharp bearish candle amid the rally, followed by a minor rebound. The short-term bullish candles are insufficient to confirm a full reversal, suggesting a correction before further downside. Meanwhile, the hourly chart shows repeated dips below support levels followed by recoveries, reducing the likelihood of a breakdown.
**Intraday Strategy: Range-Bound Trading** - **Support Levels**: Monitor short-term support at 4,290–4,296, with key support at 4,266–4,270. - **Resistance Levels**: Watch short-term resistance at 4,333–4,340, and major resistance near the previous high of 4,380–4,385.
*Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investors should assess risks independently.*
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