12.26 XAU Morning
After the Christmas holiday, market liquidity is gradually returning. The Federal Reserve's stance of keeping interest rates unchanged by year-end has become a foregone conclusion. Market bets on interest rate cuts in 2026 are gaining momentum, and the weakness of the US dollar provides support for gold; meanwhile, safe-haven buying due to geopolitical tensions and physical gold demand during the holiday period further solidify the upward basis for gold prices. Therefore, it is advisable to position for long positions.
4442 is a good entry point, with the rising wave starting from the low point relying on an upward trendline to form a clear bullish structure. This level precisely falls within the support area of the trendline; at the same time, this position is also the upper edge of the consolidation platform during the previous upward movement, creating a resonance effect of trend support + horizontal support, making it a classic entry point for positioning in an upward trend where "pullbacks do not break support."
4430 can be used to add positions. This level is a secondary horizontal support after the previous upward movement (lower edge of the consolidation platform), and it is also in the critical area of the lower edge of the upward trendline. Additional positions can be taken here.
The stop loss can be set at 4420, which is the effective breakout confirmation line of the upward trendline. If the point falls below this level, the upward trend structure will be completely damaged, and it will break through the upper edge of the previous key consolidation range. Therefore, strict stop-loss execution is necessary.
(Enter at 4442, add at 4430, stop at 4420, target 4515-4530)
Personal opinion, not a recommendation for investment operations.
