#美国就业数据表现强劲超出预期 December 19 Morning Market Summary

From the 1-hour K-line chart, yesterday's gold performance was quite interesting——first surged, then fell back, overall showing this kind of oscillating pattern. The moving averages are tightly packed, with almost no space between them, and the price is bouncing around near the moving averages, with support and resistance not very clear. Simply put, we are currently in a consolidation phase without a clear direction.

The long upper shadow forming the rebound and fall-back K-line is a short-term top signal. But interestingly, after the price dropped to 4308, it immediately rebounded. This indicates that the 4310 level is still being defended by some, serving as support. At present, gold is oscillating within the 4310 to 4370 range, and there are no signs of a true breakout yet.

**Trading Ideas**

Bullish: If the price stabilizes and closes positive between 4330-4310, consider small long positions, targeting the 4350-4370 area above, with a stop loss below 4308.

Bearish: Conversely, if the rebound hits the resistance at 4350-4370 and gets pushed down, closing with a bearish candle, you can try small short positions, targeting back to 4330-4310, with a stop loss above 4375.

Current market volatility is mainly influenced by global macroeconomic data, so maintaining flexible operations is advisable.