Gold surges violently and breaks above the upper band! In the morning, go long on dips, and lay in wait for a high position around 4800.

The market never lacks opportunities; what’s missing is the patience to wait and the execution power to unify knowledge and action.

This morning, spot gold continued its strong rally from the night before, with prices directly breaking through the 1-hour Bollinger Band upper band resistance, reaching a high of around 4752. The current quote is 4735.93, up $29.52 from yesterday’s close, a 0.63% increase. The market opened at 4747.56, with a low of 4725.80, showing a strong upward trend with a one-sided surge. The bullish momentum is fully unleashed, and the short-term trend has completely turned strong.

From the 1-hour technical perspective, the Bollinger Bands are diverging with an opening upward, and the price has strongly broken through the upper band at 4714.64. The middle band at 4664.55 has formed a strong support zone. The MACD indicator shows a bullish crossover with both lines diverging upward, and the red histogram continues to expand, indicating that bulls hold absolute dominance. There are no obvious signs of a correction in the short term. Considering the current strong structure, the morning strategy is mainly to buy on dips, follow the trend to go long, and avoid shorting against the trend. Meanwhile, referencing the historical sell-off at the 4800 level, when the rally reaches a key resistance, it’s prudent to keep a plan for short positions, capturing the turning point of the wave.

In terms of operations, focus on the support at 4720-4725 for validation in the morning. If it stabilizes, consider gradually adding long positions targeting 4780-4800, with a stop below 4710. If prices surge directly higher, do not chase the top; wait for a pullback confirmation before entering to avoid buying at a high. For short positions, pay close attention to the strong resistance at 4790-4800. When first touched, consider adding short positions in batches, targeting 4750-4730, with a stop above 4810. Strictly control position sizes and play the wave correction.

The above analysis reflects personal views only and does not constitute any investment advice. The market carries risks; please trade cautiously.