#数字资产市场动态 How to view the end-of-year gold market? This correction is a bit fierce

Recently, gold prices have fallen sharply, directly retracing from high levels into a correction cycle. Everyone, don’t rush to buy the dip; in this kind of oscillating and bearish market, blindly chasing short positions can lead to losses. Wait until key support levels truly stabilize before considering low-entry opportunities, and remember—it's the end of the year, market liquidity is tightening, so you must strictly control your positions and guard against extreme volatility.

**Remember these key levels**

Resistance levels: 4380 is the primary resistance to watch today → 4420 is the medium-term resistance zone → 4480 is the strong resistance

Support levels: 4300 is the intraday lifeline → 4280 is a strong support zone; if broken, be alert for a deep correction

**Why is it falling so much?**

On one hand, the Fed’s rate cut expectations have cooled down a bit, and the US December non-farm payroll data came out quite strong, reinforcing a cautious stance on rate cuts. Additionally, the CME has increased margin requirements for gold futures, leading institutions to take profits collectively, with gold prices dropping over 4% in a single day yesterday. There was also a sudden drone attack incident on the Russia-Ukraine side, disrupting peace talks, but it hasn't yet triggered a flight to safe-haven assets.

On the other hand, global central banks have not stopped gold purchases (China has increased holdings for 12 consecutive months), which provides long-term support. Although the US dollar index has stabilized, it hasn't formed a trend of strengthening, limiting the downward space for gold. The medium- to long-term bullish trend remains intact.

**How to read the technicals?**

The daily chart still shows a retreat from high levels, and the four-hour chart has released a wave of bearish momentum. Now, the one-hour chart shows signs of oversold rebound. Today’s likely rhythm: weak rebound in the Asian session → further testing of support during the European session → stabilization and recovery during the US session.

**How to operate?**

Conservative approach (recommended): gradually buy long positions in the 4290-4300 range, with a stop loss below 4275, targeting 4350→4380, with a risk-reward ratio of about 1:3.

Aggressive approach: wait for a rebound to 4380-4390 to lightly short, with a stop loss above 4405, targeting 4340→4320.

If the level breaks: watch 4280; if broken, look for a rebound to 4300 to add short positions, then continue to watch 4250.

Risk reminder: market changes quickly, just manage your own risks. $BTC $ETH $BNB