On Monday (December 15th) in early Asian trading, spot gold traded around $4304 per ounce. Shooting incidents occurred in the US and Australia over the weekend. With the Christmas holidays approaching and Trump's expectation of a peace agreement with Ukraine before Christmas, geopolitical uncertainty has increased, boosting gold prices.

Gold is likely to maintain a range-bound consolidation at the beginning of the week. This week features a dense release of data: US non-farm payrolls on Tuesday, CPI data on Thursday, and the Bank of Japan's interest rate decision on Friday. Whether the Bank of Japan will begin a rate hike cycle is the core focus of the market. Under the combined influence of multiple important data releases, gold price volatility is expected to increase significantly. News events may trigger one-sided price movements, requiring strict risk management and flexible responses.

The daily chart shows a clear bullish pattern. Gold prices have successfully broken through the previous consolidation range and are firmly trading above the $4200 level, with bullish momentum continuing to be released. The candlestick chart shows consecutive positive closes, with the moving average system in a bullish alignment, and short-term moving averages providing effective support for the price. The MACD indicator shows continued expansion of the red bars, with the DIFF and DEA lines maintaining a golden cross and upward movement, indicating ample positive momentum. The RSI indicator is operating in the strong zone, not reaching the extreme overbought area, indicating a healthy trend and further upward potential.

On the 1-hour chart, the short-term trend is slightly bullish with fluctuations. The price is oscillating upwards along the short-term moving averages, with limited pullbacks. The MACD indicator maintains a golden cross, and although the red bar momentum occasionally contracts, the overall support remains effective. The RSI indicator is fluctuating slightly within the strong zone, suggesting a slight need for a short-term pullback, but this does not break the bullish structure, and there is still upward momentum after the pullback. In summary, today's short-term trading strategy for gold is to primarily buy on dips and secondarily sell on rallies. Key resistance levels to watch are 4350-4370, and key support levels are 4295-4275.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.