Recently, the gold trend has been quite interesting. During the Asian session, it dropped directly to 4448.40, then quickly rebounded. By the European session, it surged to 4531.27, but this key resistance was stuck. Afterwards, the price mostly fluctuated around 4507.47, forming a typical consolidation pattern—no significant trend emerges.

From a macro perspective, the US dollar index is still hovering around 97.80, which is the lowest in nearly two months. In November, US CPI fell to 2.7%, and market expectations for the Federal Reserve's rate cuts next year have also increased. Both factors are supporting gold. However, at the end of the year, market liquidity is insufficient, and neither bulls nor bears dare to exert force, resulting in a lack of momentum for gold to break through resistance levels.

On the technical side, MA7 and MA20 are pressing from above, while MA90 provides support from below, forming a clear resistance structure. The key point for tonight's market is whether the volume can push through 4531.27, and also to keep a close eye on the support at the 4500 level.

In terms of trading strategy, if the gold price stabilizes after pulling back to the 4480-4595 range, consider going long with targets around 4525, 4550, and 4580. Conversely, if it breaks below 4475, there's no need to wait—go short directly, aiming for 4450 and 4430. Until a clear direction emerges, oscillating between buying low and selling high is the safest approach. Be cautious of fake breakouts at the end of the year, strictly control your positions, and stay alert for sudden dollar fluctuations that could cause disruptions.

(Disclaimer: The above is for personal opinion sharing only and does not constitute trading advice. Investment involves risks, and profits and losses are personal.)