Driven by the worsening geopolitical tensions and the market's expectation of further interest rate cuts by the Federal Reserve next year, both gold and silver prices hit record highs on Monday.

I mentioned earlier that gold prices at the 4326 level indicated that gold, as a safe-haven asset, holds significant value. Today is Crazy Monday, and the price soared directly to a historical high of 4420.

Spot gold has once again refreshed its historical high, and it is expected that gold will rise further next year, with a baseline scenario set at 4900 dollars per ounce, and there are upward risks. They stated that ETF investors have begun to compete with central banks for the limited supply of gold.

  At the four-hour level, the price is currently quoted at the 4410 mark, with the candlestick breaking through the previous high point. The previous new high of 4380 has converted into support. Technically, there's no need to elaborate too much; a pullback now is an opportunity to look bullish. It is advised to continue being bullish on a pullback to the 4380-4375 range, targeting the 4452 position #BTC☀ #XAUUSD