12.23 Midnight Gold Review: Where is the next peak for continued bullish outlook this week?

Gold has strongly broken through historical highs, with an upward trend in all three sessions. Opening at around 4338, it rebounded and soared high, with the gold bulls remaining strong during the US session. Last Friday, A Ming publicly arranged long positions at 4307, which rose as expected. Today, we continue with a bullish mindset, planning to set long positions around the integer level of 4400, as anticipated. The 4420 current price long position given during the US session was accurately executed!

The situation in the Middle East is tense, with Ukraine attacking a Russian oil tanker, directly threatening the security of the global energy supply chain, leading to skyrocketing global shipping insurance costs. The market is repricing the risks of energy disruption, with gold being viewed as the "ultimate hedge tool against the energy crisis," once again fostering risk aversion and exacerbating inflation expectations, indirectly pushing up gold prices.

The bullish momentum for gold continues to be released, with the hourly chart showing a clear oscillating upward rhythm, as prices steadily climb along the upward trend line, repeatedly breaking through previous resistance levels. As the market strengthens, the previous historical high of 4382 has completed a top-bottom conversion, now synchronized and raised to the 4400/06 range, which is both a key support level for the trend line and a core battleground for short-term bullish and bearish plays, providing solid backing for long positions in the future. If this position is maintained, then gold bulls will have a brighter future.

The hourly moving average system is in a bullish arrangement, with prices relying on short-term moving averages for upward movement, and the pullback range is limited, with a complete upward trend structure; during the rising process, trading volume moderately expands, while it contracts during pullbacks, showing clear characteristics of bullish control, and upward momentum has not shown any signs of weakening; after multiple upward tests, no significant top divergence has appeared, and the oscillating upward rhythm is steady, with strong continuity.

Specific operational strategy: Relying on the 4400/06 support range, plan to set long positions on pullbacks, and add positions at 4390, with a stop loss at around 4382.

Target 4435/45