2025-12-16 08:41:17

#BinanceABCs Gold has risen for five consecutive trading days, approaching the historical high of 4381. What is driving this momentum? After the Federal Reserve's December rate cut, a statement from the Chair sparked widespread discussion—clearly indicating that the labor market faces significant downside risks and emphasizing that policies should not excessively suppress employment. This directly fueled market expectations of two rate cuts next year, causing the US dollar to weaken and gold prices to surge accordingly.

However, in the past two trading days, gold prices have pulled back after rising, with short-term pressure clearly increasing. The reason is simple: tonight, US non-farm payrolls and retail sales data will be released, and investors are on the sidelines, waiting and watching. Many have taken profits early to avoid risks, further increasing selling pressure.

From a technical perspective, the daily chart shows that after consecutive gains, the upward momentum of gold has been hindered, and it is now in a high-level consolidation phase. Looking downward, focus on the breakout level of 4260 from last Thursday—if this level is broken, the short-term downside risk will increase. Next, watch the 10-day moving average at 4240 and the psychological level at 4200. Looking upward, first break through the 4300 level, then the intra-day high of 4317 that was repeatedly resisted this Tuesday. If this level can be surpassed, gold may attempt to challenge Monday’s high of 4350.

In terms of indicators, the 5-day moving average still maintains a golden cross, but the momentum of the MACD golden cross has weakened significantly. The RSI indicator is also turning downward, and the KDJ is beginning to form a death cross. From a technical signal standpoint, a short-term correction is quite clear.

How to operate today? Focus on tonight’s non-farm payrolls and retail sales data, as these will be the decisive factors. The current situation is profit-taking pressure lowering gold prices, with obvious high-level consolidation. It is recommended to adopt a range-bound strategy—support levels at 4260, with further support at 4240 and 4200 if broken; resistance levels at 4300 and 4317, with a breakout targeting 4350.

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GasFeeCrying

· 2025-12-19 03:54

This wave of gold is still driven by data; once the non-farm payrolls are released, the true picture should emerge.

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WenMoon42

· 2025-12-17 09:34

The Fed's one statement sent gold soaring to the sky, and now it's starting to plunge from high levels. Where's the promised new all-time high, haha. Big events like non-farm payrolls must be avoided beforehand; experienced traders understand this strategy. KDJ has already formed a death cross and still wants to break through 4317? I think it's unlikely. Let's first hold onto 4260 and see. The US dollar is weak, but this round of gains has been quite aggressive. A short-term correction is normal. Wait for the data to come out before acting. Entering now is like gambling; there's no need.

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WalletDivorcer

· 2025-12-16 09:11

As soon as the non-farm payroll data is released, the gold price starts to dance. Those holding positions now can only pray, haha.

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ThreeHornBlasts

· 2025-12-16 09:07

Oh no, this is how it always is before non-farm payrolls, the mentality is the hardest to endure --- Breaking 4260 definitely means a drop, I already feel the pressure --- The Federal Reserve's comments definitely stirred the pot, now it's all about reading the data and acting accordingly --- This wave of high-level volatility is incredible, stop-loss orders must be ready at all times --- If 4317 doesn't break through, then 4300 is the ceiling, don't dream anymore --- When the golden cross momentum weakens, be cautious, MACD can't be fooled --- Waiting for non-farm payrolls, now I don't even dare to move, too risky --- The historical high is right in front of us but then it fell back, so frustrating --- Anyway, if it breaks below 4260, I'll close all positions, don't want to play around here

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