Gold prices soar to a new historical high! How to accurately time the rhythm in a bull market

On December 24, international gold showcased a "king-level" breakout, overturning the historical key resistance level of $4380. The bulls broke out with overwhelming strength, continuously conquering the two major integer levels of $4400 and $4500, displaying strong momentum on the charts. This is not merely a technical breakout but a comprehensive release of the long-suppressed bullish sentiment in the market—driven by ongoing geopolitical disturbances, the undercurrents of interest rate cuts from the Federal Reserve, and the support from the global central bank gold purchasing spree. Under the resonance of multiple favorable factors, the gold bulls have completely broken free from their restraints, entering an accelerated volume expansion mode.

Looking back at previous strategies, we clearly indicated: a bull market rise needs no reason, and holding short positions against the trend is a major trading taboo. The gold price opened high and rose throughout Tuesday morning's session without any pullbacks, which perfectly validated this point. When the market is in an accelerated phase of emotional exuberance, "fear of heights" will only cause one to miss a trend, and the so-called "buy low sell high" can easily turn into catching falling knives. Every time the market surpassed the $4400 and $4500 integer levels yesterday, it was an excellent opportunity to follow the trend and enter long positions, and the market completely aligned with expectations, yielding substantial profits for the bulls.

However, amidst the celebration, one must remain clear-headed. With Christmas approaching, some bulls may choose to take profits early, and the risk of short-term selling pressure deserves attention. Today's strategy should abandon the blind pursuit of highs and instead focus on key support levels, seizing opportunities for pullbacks. From the market structure perspective, $4430 is yesterday's low and the starting point of the early morning rally. Above this level, the bullish trend remains intact, and any pullback is an opportunity to position long; while the hourly chart's pullback low of $4470 serves as a key watershed for afternoon short-term operations.

The specific strategy can be divided into two steps: first, if the gold price stabilizes above $4470 in the afternoon, one can directly enter long positions, with a stop loss set below $4468, targeting the $4500-$4525 range initially. Once this level breaks, one can add positions, aiming for $4540-$4550; second, if the gold price strongly consolidates above $4500 in the afternoon, there is no need to wait for a pullback, directly and actively following up with long positions, with a short-term target looking at the previous high of $4525, and further aiming for an additional $20-$30 space upon breaking through.

In summary, the current major trend of gold remains predominantly bullish $BTC #美联储回购协议计划