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#数字资产市场动态 December 31 Morning Precious Metals Market Observation and Trading Ideas
Yesterday, gold finally stabilized after a sharp rebound from its high, with North America mainly oscillating around the 4400 level. As of this morning, gold prices have returned to a key consolidation zone. Currently, the market is in a correction phase—digesting previous volatility, waiting for new driving forces to emerge.
How to interpret the current market? Two main factors are at play: First, safe-haven buying remains, as geopolitical uncertainties continue to support gold. The quick stabilization after yesterday’s sharp decline indicates strong bottom support; the buying momentum is evident. Second, risk appetite remains volatile and unpredictable.
Another critical point is the US dollar interest rate expectations. This factor has a significant impact on gold. If the Federal Reserve minutes or officials’ statements suggest a shift in rate cut expectations, gold bullish sentiment could quickly heat up. Conversely, if the dollar temporarily strengthens, gold will need time to adjust, consolidating sideways to digest previous gains and crowded positions.
Looking at the 1-hour chart, gold is currently in a short-term oscillation and correction phase. Moving averages and Bollinger Bands are converging, indicating a temporary balance between bulls and bears. The middle Bollinger Band supports the lower side, with the upper band at 4398 USD forming resistance. Prices are moving between the middle and lower bands, showing clear consolidation characteristics.
Today’s trading ideas:
- Consider going long around 4320-4330, targeting 4350 first. If a volume breakout occurs, continue to push towards 4400.
- If prices surpass 4400 but fail to stabilize effectively, consider reversing and shorting.
Reminder: Investment involves risks; opinions are for reference only. $BTC $ETH