The recent gold price rally on December 24th was indeed quite fierce. International gold prices directly broke through the old resistance line at $4380, then consecutively surpassed the key levels of $4400 and $4500, with the bullish momentum completely overpowering the bears. It seems that this is not just a simple technical breakout; behind it is the long-accumulated surge of bullish forces—geopolitical tensions have been ongoing, expectations of Fed rate cuts are brewing, and central banks around the world are疯狂扫金 (aggressively buying gold). These factors stacking together provide ample reasons for the gold price to rise.

As we mentioned before, when a bull market is raging, don’t always think about shorting. How fierce was Tuesday’s move? It opened high and went straight to the close, with almost no significant pullback—that’s the power of the trend. When market sentiment is激动 (excited), always trying to retreat at high levels is just shooting yourself in the foot. Yesterday, every time gold prices broke above the $4400 and $4500 levels, it was an opportunity to add long positions, and indeed the bulls gained quite a bit. But don’t get too excited; Christmas is coming, and some bulls might choose to take profits, which could lead to short-term selling pressure.

Today’s trading strategy needs adjustment. Don’t blindly chase highs; instead, look for pullback opportunities to re-enter. Looking at the market structure, $4430 is yesterday’s low and also the starting point of the overnight rally. The bullish advantage still exists above this level, and any slight pullback can be considered a bottom-fishing opportunity. As for the retracement low at $4470 on the hourly chart, that’s a key level to watch for short-term trading this afternoon.

How to operate specifically? There are two scenarios: First, if in the afternoon gold prices stabilize above $4470, you can go long directly, with a stop-loss below $4468. The initial target is in the $4500-4525 range. If it breaks through, continue adding positions, aiming for a potential surge to $4540-4550. Second, if gold consolidates strongly above $4500 without significant pullback, there’s no need to wait; just actively follow the trend. First, watch the previous high at $4525. If broken, there’s still 20-30 dollars of upside potential.

From a broader perspective, the bullish trend in gold remains dominant, and the correction is just a preparation for further gains. Keep the rhythm well, and opportunities will naturally come.