The end-of-year gold trend still continues the technical characteristics of the previous period. In the last trading cycle, the short position idea around 4550 was validated, and a decline to 4360 was fully achieved. Subsequently, the bullish setup around 4305 in the early morning also did not disappoint, quickly rising to 4400 to realize profits.

The upcoming strategy remains to maintain a high-level short position framework. Currently, it is recommended to establish short positions in the 4375-4380 range, with the first target at 4320 below, and further targets at 4300, 4270, and in extreme cases, 4240 are also within observation. Technically, these price levels all constitute clear support-resistance reversal points, which are worth close attention.