#以太坊行情解读 Christmas Market Closure Period, Gold Continues Its Strong Momentum

The market sentiment has been quite interesting these past two days. In yesterday’s evening review, we recommended going long and held the position until the market closed, with gold prices reaching 4487 before the halt, and taking profits accordingly. Now, during the Christmas holiday, let’s take this opportunity to review the subsequent strategy.

Why has gold surged so aggressively this round? The core reason is that global central banks are reassessing risks. Many central banks are continuously increasing their gold reserves based on strategic considerations, reflecting a renewed understanding of the monetary credit landscape. Coupled with the increasing expectation of a potential rate cut by the Federal Reserve, which directly lowers the opportunity cost of holding gold—this creates a double support for gold prices. In simple terms, this is not a traditional rate-driven market but a structural bull market led by central banks and macroeconomic expectations resonating together, breaking the conventional logic of gold prices and interest rates.

In the days before Christmas, some short-term funds have been cashing out profits, causing a slight pullback in gold prices. However, this is merely a technical adjustment, and the overall strong trend remains unchanged. Yesterday’s close stayed firmly around 4480. From the candlestick pattern, there is room to challenge the 4550-4600 range. Currently, there are no clear signals of a phase of decline. Therefore, the strategy moving forward is clear: follow the trend, and buy on dips within the support zone of 4400-4430.

In the short term, focus on the support strength at 4445-4455, and also watch whether the 4550 level can be broken—these two levels are most likely to see changes. Risk control must be strict; this is a prerequisite.