12.24 Zheng Chen Morning Thoughts

Gold bulls maintain strong momentum, setting a new historical high. The daily line continues with consecutive gains, with moving averages displaying a golden cross and opening upwards, indicating a healthy trend; the RSI indicator has reached a high of 80, with short-term hourly and four-hour charts breaking out in volume, and prices climbing based on the MA10 moving average and the upper Bollinger Band. The core trading logic is clear: do not guess the top, do not go against the trend, and firmly maintain a low long strategy.

Support levels: 4498/4483/4470/4452

Resistance levels: 4520/4537/4548/4568