#BTC资金流动性 Precious metals are all showing gains, and gold has reached new heights again.

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Recently, this wave of market movement has been quite intense. After gold effectively broke the key point of 4380 last week, the bulls haven't stopped and have been moving north all the way. It has now stabilized at 4450 and is heading straight for 4500.

Since breaking below 4380, gold prices have entered an unfamiliar range—there's no previous resistance above to hinder them, allowing bulls to run freely. The bears are in a bit of an awkward position, unable to find suitable shorting points, and they really don't dare to build positions casually. The entire market is dominated by bulls, who are testing new resistance zones in the short term.

It is worth noting that the precious metals sector is collectively on the move this time. Gold, silver, platinum, and palladium are all rising, especially platinum and palladium, which have surged for eight consecutive days, driven by institutional funds concentrating on bulk purchases.

But this is also a risk point - a market driven by institutional funds generally lacks stability. Once these large funds start to take profits, the entire sector may turn around instantly. According to the pattern, the withdrawal tide is likely to get stuck around the end of the Christmas holiday or just before and after New Year's Day, at which point gold and silver will also adjust.

From the current trend, 4380 has already reversed from a resistance level to a support level, with a solid bottom established. There is still a potential upward space of 150-200 dollars for gold prices, and no peak signals are seen in the short term, with bulls having continued momentum.

Technical analysis reference suggestions:
• Can intervene to the north near 4485-4475
• The target level is 4495-4505
• Breakout target at 4515-4520

(This viewpoint is for market analysis reference only and should not be used as a basis for investment decisions.)