Wednesday, December 24, gold rebounds from the bottom and continues to rise

Good morning everyone in the new year! I am Du Jingsheng. Gold keeps breaking new highs, and market sentiment is also continuously rising. Yesterday, gold rose all the way, and the US market provided a retracement. After confirming support in the 4440 area, it rose again. This morning, during the Asian session, it opened with a direct surge, breaking new highs, currently reaching as high as 4525. Yesterday, Jingsheng mentioned that 4500 would definitely be broken, and now the market has fulfilled our promise. As prices continue to break new highs, the operation is simply to follow the trend and go long!

The hourly chart shows a rhythm of quick pullback-stabilization-breakthrough. After constructing the second low point at 4430, the price broke through the key resistance level of 4500, opening up further upward space. The current hourly support has moved up to 4475, with 4430 being the key defensive level for bulls. In the short term, it is in a fluctuating and expanding upward cycle, and there are no clear signals for a high stop yet. In operation, any pullback is a buy.

Gold Asian session operational thinking: Buy in the 4500-4480 area, with a stop at 4465, targeting 4550-4580.

Note: The above thoughts are just personal opinions, and all interested parties are welcome to discuss! Investment carries risks, and one should be cautious when entering the market! #比特币与黄金战争