On December 24th, the gold market continued to surge, taking advantage of the Christmas holiday node. From this 1-hour Candlestick Chart, it is clear to see that the gold price broke through 4400 USD and headed straight for the 4500 USD mark. Currently, the peak is set at 4525.91 USD, which not only refreshes the historical high but also pushes this year's 71% rise even further.

From a macro perspective, there are two core reasons why this wave of rise cannot be stopped: first, after the Federal Reserve's third interest rate cut this year, the market is betting that there will be another 100 basis points cut in 2026, causing the dollar index to drop below 98, marking its worst performance since 2017, making gold priced in dollars naturally a hot commodity; second, geopolitical risks have completely ignited risk aversion sentiment, with the U.S. seizing Venezuelan oil tankers, signs of conflict between Iran and Israel in the Middle East, and no substantial progress in Russia-Ukraine talks, leading funds to flock into gold. In the first three quarters of the year, global central banks also net purchased 634 tons of gold, directly supporting gold prices.

From the daily chart of gold, this wave of rise has not ended, and gold will move towards 1050 yuan/gram. Gold broke through 1003 yuan/gram, achieving a deep V reversal, and the time for the right-side adjustment of this deep V is long enough, accumulating very strong energy to support the subsequent movement. Before gold pulls back again to 1003 yuan/gram (international gold price 4382 USD/ounce), boldly hold long positions, hold physical gold, and accumulate gold, forget about technical analysis, and now it's a matter of who is bold enough to enjoy this wave of bull market in gold. You can completely ignore any gold news or comments, lock your account well. Keep your position small and widen your stop loss, don't get shaken out by a small pullback. The direction for gold is correct, and even if the path is a bit winding, it's okay; trading is like life, it can't always go smoothly.
   
When to go short? Wait until gold is unable to rise during high-level fluctuations and wait for gold to break through and plummet afterward. I don’t see such signs now, so everyone stay calm. Today is Christmas Eve, tomorrow is Christmas, and after Christmas, gold will rise to $4600 per ounce. The bullish sentiment for gold is becoming a bit impatient. I wish everyone to enjoy the appreciation of wealth while spending well during the holiday season; making money and spending it is meaningful. Like this article to get rich, and tomorrow we will continue to analyze gold. On the road of trading, A Yao accompanies you.