#大户持仓动态 【Gold XAUUSD Technical Analysis】12.18 Trading Opportunity Summary

The recent movement of $XAU has been dominated by two events. First, tonight at 21:30, the US inflation and retail sales data will be released. Once this data comes out, market sentiment is expected to fluctuate significantly, and gold prices are likely to push higher again. Whether it can break through the key zone of 4350-4380 is a point to watch; second, the Bank of Japan's interest rate decision on the morning of December 19. The market is generally betting that they may raise interest rates. If the rate hike is implemented, combined with the RMB exchange rate factors, precious metals are likely to face pressure. Simply put: if it doesn't break higher tonight, a correction is highly probable tomorrow.

From a technical perspective, gold has been repeatedly testing the 4350-4380 zone over the past four days. It has now reached a critical turning point. Resistance is at 4350-4380, and support must hold at 4260. Although there are some adjustments intraday, the price remains firmly above 4320, and previously even touched 4343.05. From the 1-hour chart, since the rebound from the low of 4271.52, the bullish structure remains intact. The pullback is just a natural breathing adjustment during the upward movement, and the trend is not broken.

Trading ideas:
Gold is moving north within the 4332-4322 range, with initial targets at 4340-4350. If broken, continue to watch for 4355, 4365, and even 4380 levels.

Stay alert to these data releases and central bank actions; opportunities are right in front of you. Feel free to reach out anytime for discussion 🤝

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