#美国就业数据表现强劲超出预期 12.18 Market Observation: Gold Consolidates Narrowly, European Session Could Be the Key Breakthrough

Gold experienced a pullback in the early session, breaking the momentum of three consecutive mornings of gains. Currently, prices are fluctuating within a narrow range, with no clear direction.

From yesterday’s daily chart, although the close was bullish, the entire day was characterized by repeated tug-of-war—only barely returning to near the intraday high at the close. In this volatile market, slight deviations in entry points can lead to repeated losses. In contrast, silver performed quite differently, maintaining a strong trend and forming a stark contrast to the frustrating movements of gold.

Today’s trading points:
• The early low of 4320 is the dividing line for strength and weakness
• The European session’s performance will directly determine the subsequent direction—if it stabilizes and rebounds, gold may attempt to reach 4353-4356; if it weakens and breaks support, the consolidation pattern is likely to continue

Suggestion: If no clear breakout signals are seen before evening, it’s best to stay on the sidelines. Blindly chasing trades in a volatile market often comes with high costs!