**Gold Market Trend Analysis** On December 19, gold once again experienced extreme volatility, with limited movement during the Asian session. However, the U.S. session saw significant swings, as prices dipped to a low near $4,308 before surging to $4,375 and then rapidly retreating. The daily chart closed with a doji candle.
Overnight, the U.S. November unadjusted core CPI annual rate recorded 2.6%, the lowest since March 2021, reinforcing a dovish inflation narrative. On the daily chart, gold prices remain within a high-range consolidation phase, but the price center is gradually shifting upward. The pullback lacks momentum and continuity, with prices holding above short-term moving averages, suggesting a higher probability of further upside.
On the 4-hour chart, short-term moving averages are flat and converging, indicating continued range-bound movement in the near term. Traders may consider both long and short opportunities with caution. Key resistance levels are at $4,340, $4,355, and $4,375, with major resistance near $4,380–$4,385. Support levels lie at $4,300, $4,275, and $4,200. The recommended strategy is to sell high and buy low, with close attention to intraday signals.
*Disclaimer: This content is for informational purposes only and does not constitute investment advice. Investors should conduct their own risk assessment.*
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