The recent surge in gold prices has been quite fierce, and it is on the verge of reaching a new all-time high. From the K-line perspective, the upward momentum remains strong, with various types of capital actively positioning themselves. The driving forces behind this rally are quite clear—the geopolitical situation and the uncertainty in monetary policy are both boosting demand for safe-haven assets. If this critical level is broken, there is even greater upside potential ahead. The market sentiment is currently very bullish, with the bulls completely in control.