Lexus: The golden super bull market breaks historical highs again, the defense battle at the 4500 mark is about to begin

On December 23, during the early Asian market, spot gold continued its strong upward trend, refreshing the historical high to $4485 per ounce, just a step away from the $4500 mark. Stimulated by the dual factors of escalating U.S.-Venezuela tensions and expectations of interest rate cuts by the Federal Reserve, London gold surged over 2% on December 22, setting a new historical high. As a core safe-haven asset, gold has shown increasingly strong performance against the backdrop of heightened geopolitical and economic uncertainties.

Since the beginning of this year, under the resonance of central banks purchasing gold, inflows of safe-haven funds, and a low interest rate environment, international gold prices have risen by over 70%, marking the largest annual increase since 1979. With global risks still looming, gold's safe-haven status will continue to solidify; close attention must be paid to the Federal Reserve's dynamics and geopolitical events to seize the opportunities of the super bull market.

Technical Analysis

The bullish trend in gold continues to press forward, and going with the trend is the core strategy. The daily line shows a large bullish candlestick with increased volume, once again refreshing the historical high. The MA10/7-day moving averages have formed a golden cross and are opening upward, moving to the range of 4335/4360. Prices remain strongly above the upper Bollinger band, and the RSI indicator has reached a high of 80. The short-term hourly and four-hour charts' RSI indicators have entered the overbought zone, breaking through the upper Bollinger band, while the moving average system maintains a golden cross upward, with strong bullish momentum.

Currently, there are no obvious signs of a correction in gold, and the top formation has not yet emerged, so there are no conditions for guessing the top. It should be noted that prices are at historical highs, and chasing high carries the risk of retracement, so aggressive entry is not recommended. During the day, pay attention to the support around last night's U.S. market retest low of 4430, and establish a long position based on support.

Trading Strategy

Short-term long position: Enter the range of 4440-4445, stop loss at 4415, target 4500-4530

Short-term short position: Enter the range of 4525-4530, stop loss at 4550, target 4450-4420$BTC $ETH #美联储回购协议计划