Gold found strong support around 4420 yesterday morning, then directly broke through the key resistance level at 4460 in the evening, surged to 4500, and successfully touched it, giving a slap to the bearish voices. Currently, all resistance levels above have been turned into support, and the support structure below has also moved up accordingly. In the short term, focus on whether the 4550 barrier can be broken.

Speaking of driving forces, the geopolitical situation in the Middle East has not shown any significant easing, and issues in Red Sea shipping continue to cause trouble, directly stirring market risk appetite. As a result, safe-haven buying and gold valuation have risen simultaneously, with dual momentum pushing prices upward.

From a technical perspective, gold has recently posted three consecutive bullish days. The Bollinger Bands are still expanding upward, and both RSI and KDJ indicate overbought conditions needing a correction. However, there is a detail—MACD has formed a golden cross above the zero line, indicating that the bullish momentum has not yet dissipated. So the strategy is clear: buy on dips, rely on the 4460 area for pullback support, and continue to look for new highs.

In terms of operations, you can look for opportunities to go long in the 4480-4450 range, with the first target at 4520-4550. If the breakout continues, keep an eye on 4580. During the process, avoid greed and consider taking profits in batches.