Live Updates > Live Update Details
2025-12-12 13:16:30
[Spot Gold Breaks Out Strongly, Targeting $4312-$4343!] 1. Spot gold has cleanly broken out of the wedge pattern, and the short-term uptrend is expected to continue to the $4312-$4343/oz range. 2. The current wedge, together with the previous upward wave that started from $4022, forms a typical bullish flag pattern. The flag's measured target is $4480, with an even more aggressive target; while the wedge itself gives a conservative target of $4343. 3. The key short-term support is at $4260. As long as this level holds, the bullish structure remains intact; once $4260 is breached, a deep pullback to $4209 could occur, invalidating both the wedge and flag patterns. 4. On the daily chart, gold has strongly broken through the important resistance level of $4266 (corresponding to the 76.4% Fibonacci retracement of the previous decline from the $4384 high). The breakout is highly valid, significantly increasing the probability of returning to the historical high of $4384, and clearly signaling a resumption of the upward trend. 5. The next key level to watch is the support level of $4194. If it breaks down, a further decline to the $4076-$4135 range should be anticipated. Otherwise, the bulls will remain in control.
