December 14th Gold Weekly Outlook and Strategy

Happy weekend everyone. On Friday, gold once again experienced a rollercoaster session, with intraday fluctuations exceeding 100 points, ultimately closing strongly above $4300. After breaking through a key psychological level during the session, gold continued its upward momentum, reaching a high of $4353, hitting a new stage high and laying a stronger foundation for the subsequent trend.

Based on a comprehensive analysis of fundamental factors and technical patterns, the current bullish logic has not undergone a fundamental reversal. Next week’s operations are still recommended to focus on buying on dips as the main strategy.

Key levels to watch:

Support levels: First, pay attention to the $4290-4295 zone. Consider entering long positions after a pullback and stabilization; an important support area is around $4260-4270. If the price retraces to this level and the pattern remains consolidative, it still tends to be viewed as a buying opportunity.
Resistance levels: Focus on the resistance near the $4340-4350 zone. If there is clear resistance at this level, gold may shift into a four-hour range-bound consolidation.

Important events next week:
On Tuesday, non-farm payroll data will be released, followed by CPI inflation data on Thursday, and the Bank of Japan interest rate decision on Friday. Multiple significant data releases could lead to increased market volatility.

Overall, the gold trend remains bullish, but upward selling pressure is gradually emerging, with some correction pressure at higher levels. It is advisable to wait patiently for key level signals and respond flexibly to data-driven movements.

(The above is solely personal analysis and view, and does not constitute any investment advice. Trading should be conducted cautiously.)