12.22 Qianlaiya Pan Gold Trading Strategy: Risk Aversion Ignites Bullish Engine, Gold Aiming for Historical New High

The weekend's geopolitical risk aversion sentiment has intensified, and on Monday, gold opened with a direct surge, with the bullish momentum unstoppable, signaling the horn to challenge historical highs.

Reviewing the 1-hour level trend, gold prices have steadily risen along the upward trend line, with trend support moving up synchronously with the bullish force to around 4315, which is the core anchor point for my early trading layout.

The recent market characteristics are quite distinct: each pullback is “thunderous yet drizzling,” with shallow declines and rapid recoveries, clearly indicating the strength of bullish support. Now the price has approached the historical high around 4383, and once it effectively breaks through this key resistance level, the upper space will completely open, making any pullback a great opportunity to increase positions.

Based on market sentiment and technical patterns, gold is very likely to launch a strong attack towards historical new highs this week, stabilizing at 4400 is not just talk; under the bullish trend, one only needs to go with the flow.

Early Trading Strategy

Gold 4325 direct buy, stop loss 4315, target looking at 4395, 4410. #黄金