Surging to Record Highs! Gold Soars to $4500, with a 70% Increase This Year - Is the Bull Market Skyrocketing or About to Correct?

Folks, gold has gone crazy this time! Spot gold is like it's on a rocket, breaking through the $4400 mark and reaching as high as around $4500, setting a new historical high! The increase this year has directly hit 70%, clearly a historic bull market, leaving other assets far behind!

Three major driving forces for the surge:

Geopolitical conflicts intensifying, risk-averse funds pouring into gold;

Expectations of interest rate cuts from the Federal Reserve are high, reducing the cost of holding gold;

Global central banks net purchased over 1000 tons of gold, providing strong support.

Warning signals are flashing: Daily RSI soaring above 80+, seriously overbought, high probability of a technical correction in the short term!

Key levels to remember:

Resistance: $4480-$4500;

Support: $4400 (first level), $4380 (strong support).

Trading advice:

Don’t chase the highs! Accumulate in batches in the $4380-$4400 range during corrections, stop loss below $4360;

Aggressive traders can enter long positions if it stabilizes at $4475 with a stop loss at $4450;

For $4490-$4500, small positions for short selling, take profits when you can.

Now is a game between a long-term bull market and short-term overbought conditions, the support logic remains unchanged but correction risks are imminent. Want to accurately wait for the right timing to enter? Follow me, Da Mao, for the latest strategies every day at 👉聊天室, ensuring profits without pitfalls! #比特币流动性 #加密市场观察