Observation of Gold Price Movement on the Evening of December 26

From the 1-hour chart, gold is currently in an interesting phase—short-term consolidation with an upward trend. The bulls are pushing forward but are also facing considerable resistance. The overall rhythm is to first find a bottom and then rebound, entering a sideways upward oscillation mode. The gold price has been climbing along the moving averages in a stepwise manner, with the short-term upward trendline still intact. The moving average system remains in a bullish alignment, the Bollinger Bands are opening upward, and the upward channel features are obvious.

Based on this trend, there are two trading ideas to consider—

Long opportunities: If the gold price pulls back to the 4500-4510 range and the candlestick shows signs of stabilization (such as a lower shadow or hammer pattern indicating a bottom reversal), consider entering a long position with a small amount. Place the stop-loss below 4490 for safety. The first target is 4520; if this level is broken, look toward 4550.

Short opportunities: Conversely, if the price reaches the top of the 4535-4540 range and shows clear signs of resistance (such as a long upper shadow or insufficient volume), consider a small short position. Set the stop-loss above 4545, with initial targets at 4515; if broken, continue to 4510.

These are just technical analysis ideas; specific operations should be adjusted based on your risk tolerance and actual trading conditions.