December 30th Spot Gold Morning Review

Spot gold is currently showing a weak correction pattern of short-term rallying and pulling back, with bearish forces dominating. After a slight dip to 4324.23 in the morning, it gradually rose to 4380.44 before facing resistance and pulling back again. It is now fluctuating around 4355-4370;
Due to yesterday's multiple negative shocks triggering a wave of selling, coupled with the upcoming New Year's Day holiday, the closing of the monthly and yearly charts, and the impact of year-end profit-taking, most investors are less eager, and the upward momentum is weak. During the decline, the body of the bearish candlesticks is much larger than that of the bullish ones, indicating that bearish momentum is far stronger than bullish. Without new positive stimuli in the short term, the weak correction pattern is unlikely to change.
Short-term suggestions:
For long positions, consider a pullback to around 4340-30, and add to positions in batches, with a stop loss at 4320. The target can be around 4370-80; if broken, continue holding.
For short positions, consider a rebound to around 4375-85, and add to positions in batches, with a stop loss at 4395. The target can be around 4330-20; if broken, continue holding.
The above are personal suggestions for reference only and do not constitute investment advice.