Year-end gold remains strong. As of the morning trading session on December 27, London Gold is quoted at $4542.46, with a daily increase of nearly 1%, outperforming 60% for the year. The main contract of Shanghai Gold is at 1019.28 yuan, touching 1024 during the session, while retail gold prices firmly stay above 1400 yuan.

Entering next week (December 29 to January 4), gold is likely to continue this high-level oscillation, but caution is needed as the central price may gradually shift upward. The underlying game is quite clear—on one hand, PCE data performance is a key focus; if it leans dovish, it will boost gold prices. On the other hand, if geopolitical tensions escalate, it can also increase the safe-haven demand for precious metals. Conversely, from a technical perspective, the support levels at 4480 and 1010 are quite strong, making a downward break less likely.

Technically, the core volatility range for London Gold is anchored between $4480 and $4580 per ounce, corresponding to 1010-1035 yuan per gram in Shanghai Gold. To break upward, sufficient catalysts are needed, while downward adjustments are likely to be halted at support levels. In the medium to long term, this upward trend has not reversed.

If you want to participate, consider buying on dips near 4480, with a stop-loss set at 4465, and a target of 4580. Remember: precious metal trading involves risks, so be sure to conduct risk assessments before entering the market.