Gold Trading at 4065: Chart Shows December Volatility Before Potential Year-End Rally

⬤ Gold (XAU) is holding steady around the 4065 mark as traders eye a new chart projection mapping out December's likely path. Here's the thing: the metal might be in for a bit of a rollercoaster ride, with an early-month bounce expected before another dip hits mid-December. Only after that could we see real momentum building toward the end of the year. The pattern reflects the choppy behavior gold's been showing lately, with the market still trying to find its footing after those recent highs above 4400.

⬤ The chart suggests gold could catch a bid in early December, similar to what we've seen during previous consolidation phases this fall. But don't get too comfortable – the projection points to a potential pullback around mid-month as the market continues working through the uncertainty that's been driving these sharp swings. This isn't necessarily a sign of reversal, just the market doing what it does best: keeping everyone on their toes. The pattern actually mirrors the October and November action pretty closely, where strong rallies got hit with equally strong corrections.

⬤ Let's be real: gold's been all over the place lately, reacting to every shift in inflation expectations and Fed policy hints. The forecast accounts for this by showing a zig-zag path upward rather than a smooth climb. If things play out as the chart suggests, the mid-December dip would just be a breather within a larger bullish setup. Gold's sensitivity to macro news means these quick reversals and rebounds are pretty much par for the course right now.

⬤ The real question is what happens in late December. If the projected pattern holds, gold could enter the final weeks of the year with fresh momentum, potentially setting up a sustained move higher into 2026. That would fit with the ongoing demand for safe-haven assets and the persistent nervousness in global markets that tends to support gold during year-end transitions. The key will be watching how the metal handles those mid-month levels before making any calls about where it's headed next.