Yesterday's analysis pointed out that the risk of going long on gold above 4420 is controllable. After the gold price touched 4498 USD, it retraced to 4430 USD, providing investors with ample time and entry opportunities. Subsequently, the gold price rose from 4430 USD all the way up to 4525 USD, with a rebound of nearly 100 USD, presenting a considerable profit margin. This year's gold bull market is particularly friendly to beginners, as the reference value of conventional technical analysis has weakened. As long as there is an opportunity at low levels, it is a good time to position, with the key being to control positions and avoid greed. Many traders are not unable to make profits, but often their previous gains are swallowed up by a single heavy position mistake—remember: heavy trading is destined to fail. It is recommended to bookmark this article; if you encounter losses in the future, you might want to revisit this advice and take it as a warning.

From the daily chart, the upward trend of gold has not yet ended, with the target pointing to 1050 CNY/gram (approximately 4600 USD/ounce in international gold prices). The gold price achieved a deep V reversal after breaking through 1003 CNY/gram, and the subsequent consolidation period on the right side was sufficient, accumulating strong follow-up momentum. Before the gold price retraces again to 1003 CNY/gram (international gold price 4382 USD/ounce), one can firmly hold long positions in gold, physical gold, or accumulated gold. At this time, there is no need to get entangled in technical analysis; the key is to maintain confidence and embrace this round of the gold bull market. You can even temporarily block various gold news and market comments, lock your accounts, and reduce operations. Please maintain a light position, widen the stop-loss margin, and avoid being shaken out by slight fluctuations. Under the premise that the bullish direction is correct, the process can be tortuous without worry—trading is like life, it is never smooth sailing.

When to consider turning bearish? You need to wait for gold to show signs of high-level stagnation or experience a sharp drop after a strong breakout. Currently, such signs have not yet appeared, so everyone can remain at ease. Today is Christmas Eve, and tomorrow is Christmas Day; it is expected that after the holiday, gold will rise to 4600 USD/ounce, and the bullish momentum is already building up. I wish everyone can enjoy the holidays and consume reasonably while growing their wealth—the meaning of making money is to live better. Like and bookmark this, good luck always accompanies you. Tomorrow, we will continue to analyze the trend of gold, walking together with you on the trading road.