Yesterday continued to fluctuate within the 2633-51 range, and in the evening, it surged significantly due to positive impact from the US ADP employment data, breaking through the 2651 resistance, and then pulled back under pressure from the 2658 resistance. Overall, it is still within the fluctuation range, with continued declines in the early morning and morning. Focus on the trend of the European market this afternoon. Two scenarios are expected today:

1. If the decline continues during the day, it will drop back to around 36 in the afternoon, returning to yesterday's daytime fluctuation range, and then the trend will be similar to yesterday. We will consider going long around 34-35, and in the evening, as it rebounds to around 50 and 57, we will continue to short, maintaining the range fluctuation.

2. If it stops falling in the morning and continues to rebound in the afternoon, it will test the 2658 resistance again. If it rebounds in the afternoon, we will consider shorting around 57 and wait for the data results in the evening before taking action.

Currently, it is a middle price level, so we will wait and watch, planning to go long around 36 and short around 57 when it rises.

2024.12.05 Gold Strategy

1. Short lightly at 2656-57 on rebounds, stop loss at 2662, target 2648-43

2. Go long at 2635-36 on daytime pullbacks, stop loss at 2630, target 2644-49

3. Short at the upper level of 2664-65, stop loss at 2670, target 2656-51

4. Go long at the lower level of 2621-22, stop loss at 2616, target 2630-35

5. Short at the upper level of 2673-74, stop loss at 2679, target 2665-60

6. Go long at the lower level of 2608-09, stop loss at 2603, target 2617-22

Resistance levels: 2651-2658-2666

Support levels: 2633-2620-2605

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