#比特币与黄金战争 Precious metals break through the 4500 mark, the logic behind the all-time high

Spot gold closed above 4500 yesterday, which is not only a numerical breakthrough but also a turning point in market sentiment. Looking back over the year, the 4000 to 4500 range is truly a watershed—there has been a lot of volatility before, but this time is different.

Why can gold prices be so strong? Simply put, it’s three words: stable demand. Large funds continue to build positions without loosening, supply remains steadily growing, and the demand for gold in emerging fields like technology and industry is gradually releasing. These factors stack up together, naturally pushing prices higher. Although short-term profit-taking by some funds has caused fluctuations, the overall upward trend has never changed.

Looking upward, the 5000 level has become the new target. From the current position of 4480, there is still room for operation. Next, focus on the 4550 and 4600 zones, and whether they can be successfully broken through is crucial.

If you are also paying attention to this wave of market, the main opportunity for low-position layout is concentrated around the 4400-4430 zone. Of course, follow the trend and don’t go against the market. The current rhythm of gold prices is very clear; just follow the mainstream funds.