#黄金 Cherry Talks Gold: Gold is Crazy! The 1-hour chart skyrocketed over a hundred points, with the 4420 level firmly underfoot.
On the day of December 22, gold exhibited a strong upward trend. From the 1-hour candlestick chart, it can be seen that after breaking free from the previous low of 4308, gold prices surged to a high of 4420, and after a slight pullback in the afternoon, it stabilized at 4410 with a dense rise in red candlesticks. The bullish momentum is strong, and the upward trend since the low rebound on December 19 has not been broken, with any pullbacks quickly supported by buying.
Gold opened with a gap up, breaking through resistance, backed by multiple favorable factors. The number of initial jobless claims in the U.S. exceeded expectations, and a weak labor market has increased expectations for interest rate cuts by the Federal Reserve, while a weakening dollar has boosted gold valuations; the ongoing crisis in Red Sea shipping has heightened risk aversion, activating gold's safe-haven attributes; emerging market central banks increased their gold reserves in November, providing long-term support for gold prices.
Combining technical and news factors, the bullish trend in gold is clear before the U.S. stock market opens. In the 1-hour chart, moving averages are arranged bullishly, the Bollinger Bands are opening upwards, and although the MACD red bars have slightly reduced in volume, it remains strong. Gold prices are likely to experience strong fluctuations at high levels before the U.S. stock market opens, with a high probability of further upward movement.
Suggestion: Gradually enter long positions in the range of 4400-4405
Set a stop-loss below 4390 to control the risk of a single trade.
The first target is 4420; if broken, look for 4430. If positive news continues after the U.S. stock market opens, further targets can be set at 4440.
Focus on buying on pullbacks. If gold prices directly surge above 4420, do not blindly chase high prices; wait for a pullback to confirm support before adding to long positions. If unexpected negative news occurs before the U.S. stock market opens, causing a rapid drop below 4390, immediately stop-loss and exit, do not hold on.
Disclaimer: This analysis and strategy are personal views and do not constitute investment advice. Gold trading carries high risks; investors need to make independent decisions, and trading losses are not borne by others.
