This week will welcome the New Year's holiday, and market trading may be light. 🤯🤯

In terms of data, the sales data for existing homes in November will be released on December 30, and the S&P Case-Shiller Home Price Index will be announced on December 31.

After the New Year's holiday, on January 2, the latest initial unemployment claims data will be released. 😵😵

Additionally, European and American countries will publish the final value of the SPGI Manufacturing PMI, while China will announce the official Manufacturing PMI data for December on Tuesday, which investors should pay attention to.

From an annual trend perspective, this week marks the end of the yearly line. Overall, the bull market continues, with the trend still leaning towards the bulls, and no trend reversal has been observed, although the upward momentum has slowed down. 🥶🥶

On the monthly line, the overall structure shows a strong bullish tendency, but the monthly K-line has been closing in the red consecutively, which is favorable for bears.

At the same time, the short-term 5 moving average on the monthly line shows signs of a turn, and although the bulls still hold an advantage, attention should also be paid to the downward retracement strength.

On the 4-hour chart, the gold price rose and then fell, directly breaking below the short-term moving average.

Currently, the price has extended below the middle band of the Bollinger Bands, and as a result, short-term moving averages have formed opposing short-term resistance at positions 2623 and 2630.

Other cycle indicators have also turned to a bearish arrangement, and the overall trend of the Bollinger Bands is showing a downward movement. Coupled with the MACD showing signs of a death cross downward, it indicates insufficient upward momentum.

Therefore, on the 4-hour chart, the overall trend is expected to expand the bearish momentum at any time.

The short-term resistance to focus on above is the range of 2638-2643, while the short-term support to watch below is the range of 2610-2605.#加密ETF申请热潮涌现 #加密市场调整