Recently, the gold market has been extremely hot. The Fed's easing expectations are rising, combined with the current US president's support for a dovish chairperson candidate, plus external factors such as the US CPI peaking and the Bank of Japan raising interest rates, this wave of the gold bull market is indeed hard to find obvious points of resistance.



Looking at today's performance: the Asian session once broke through the key previous high of 4525 and even touched 4531. As for the current strategy, the range of 4490-4500 remains a solid opportunity for long positions. In the short term, watch whether 4520 can hold; if it does, continue aiming for the previous high of 4530. Conversely, if it falls below 4490, be prepared for repeated oscillations within the 4470-4500 range, focusing on the support at 4470 and resistance at 4500.

Looking at a longer cycle, short-term fluctuations may need to be digested, but the medium- and long-term bull market pattern remains unchanged. To put it more plainly, the goal of reaching 5000 by 2026 doesn't seem like a dream anymore.
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NeverPresentvip
· 8h ago
Gold has really been strong this wave. It feels like if 4520 can't hold, a pullback is imminent. 5000? Bro, you're overthinking it. Let's see if 4530 can hold first. It's the Federal Reserve cutting rates again and the Bank of Japan's actions—these factors have already been priced in once. Be cautious of catching a falling knife at high levels. The 4490 level is truly critical. If it's broken, we have to admit defeat. Every time, I say I'm optimistic in the long term, but in the short term, we need to survive. Do you dare to add positions now?
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SellTheBouncevip
· 8h ago
Sell on the rebound, and this time is no exception. Can't even hold 4525, and still thinking about 5000? Patience, all you bagholders.
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bridgeOopsvip
· 8h ago
Gold this wave is really a bit outrageous, 4500 has already been stepped on. But I will still wait, I have a feeling there will be an adjustment. --- 5000? That's a nice thought, let's see if 4470 can hold first. --- The Fed really knows how to tease, as soon as the rate cut expectation comes out, gold starts screaming, which is a bit虚. --- Long-term optimistic, but at this height, it's a bit daunting to enter now. Let's wait for a pullback. --- If 4520 breaks, it might look very bad. I bet it won't hold steady.
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PensionDestroyervip
· 8h ago
Damn, this wave of gold is really about to take off, 4500 is almost unstoppable The gold bull market isn't over, short-term fluctuations are normal digestion, I just believe in what's coming next If 4490 can't be broken, I'm holding a long position; 5000 by 2026 is not a dream There's really no reason for a bear to come out during this rally, the Federal Reserve's attitude is obvious If it stabilizes at 4520 in the short term, keep chasing; if it breaks 4490, then we'll see With the operations on the US side, gold must rise I just want to ask who else can be bearish on this market, tell me Buying gold now at 4500 is like bottom fishing, feels good
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