2.9 Evening Gold Bullish Logic Reinforced Again, Central Bank's 15-Month Increase Sends Clear Signal

News: China's central bank has increased its gold reserves for the 15th consecutive month. Behind this move is the ongoing recognition by global central banks of gold as a safe-haven asset and a monetary anchor, reflecting the accelerating de-dollarization process worldwide. Continuous buying by central banks effectively gives a "booster shot" to gold's long-term trend.
Market Signal: Spot gold broke through the 5000 mark today, closing at 5015, up 1.02%. From the 1-hour chart, the price is strongly trading above the middle band of the Bollinger Bands at 4997, with the bands opening upward, indicating a clear bullish trend. Short-term pullbacks are opportunities for low-cost long positions.
Trading Strategy: Supported by the fundamental backdrop of ongoing central bank purchases, the bullish case for gold has shifted from short-term safe-haven demand to long-term allocation. Continue to adopt a bullish outlook, and during pullbacks near the middle Bollinger Band, consider adding to long positions in batches, targeting the 5050-5060 range, with a stop loss below 4980.
Remember, in the face of the big trend, going with the flow is the key. Don't let short-term fluctuations influence your judgment.
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