The precious metals market performed brilliantly today. After the opening, spot gold quickly surged over $60, reaching a historic high of $4531/oz, and is currently fluctuating around $4520/oz; silver followed the rally, hitting a new record.



Why is gold prices rising so aggressively? Multiple factors are resonating simultaneously. Changes in macroeconomic cycles, ongoing geopolitical tensions, and increasing global investor allocation demand—these forces combined are driving precious metals to new highs. Once the market holiday ends and capital flows return to normal, gold still has significant upside potential.

An interesting phenomenon is that while gold prices remain high, consumer demand for gold jewelry has noticeably decreased, but demand for investment products like gold bars and coins remains hot. This reflects a clear divergence between investment and consumption demand in the global gold market.

From a technical perspective, the daily chart shows an intact upward trend. The small doji candlestick on Wednesday is not a sign of decline but rather a consolidation before further gains. The MA10 and MA7 moving averages are diverging upward, positioned at 4388 and 4420 respectively, with prices climbing along the upper band of the Bollinger Bands. The RSI indicator has exceeded 80, entering the overbought zone.

The four-hour and hourly charts are also strong—moving averages are aligned upward, and prices are holding steady near the middle to upper band of the Bollinger Bands. Short-term trading logic favors long positions, with opportunities to buy on dips.

Key price levels (USD/oz):
Support: 4500 → 4483 → 4461
Resistance: 4547 → 4570 → 4592

Trading strategy suggestions—
Long: Place buy orders at 4480-4485, stop loss at 4460, target 4530-4550
Short: Consider selling at 4560-4565, stop loss at 4580, target retracement to 4500-4480
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rekt_but_resilientvip
· 2h ago
Gold hits a new high again, and us retail investors can only watch helplessly.
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BoredStakervip
· 2h ago
Gold is taking off again, and this time it's really a bit outrageous. But to be honest, there are fewer and fewer fools buying jewelry in this kind of market, everyone has become smarter and is directly investing in gold bars and coins. Surely not going back to 4600 again, right?
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LucidSleepwalkervip
· 2h ago
Gold hits a new high again, but the enthusiasm for buying gold bars and the indifference towards buying jewelry... this difference is quite interesting. --- 4520 has stabilized, and it feels like it should continue to rise. With the geopolitical situation so tense, what can we do? --- RSI is over 80, and you're still daring to go long? I'm really cautious. Let's wait until around 4485. --- The divergence between investment demand and consumer demand shows that everyone is trying to buy the dip, haha. --- If this rally hadn't been interrupted by the holiday, it could have directly surged to 4550. --- The upper band of the Bollinger Bands is flat and not moving. Short-term high-level volatility is coming; be careful of a sharp drop. --- It's again about the MA moving average and RSI indicator. Is this really just the usual trap to cut the leeks? --- I believe in the target of 4530-4550, but the stop-loss must be strict; otherwise, you'll really lose your mind. --- I'm a bit regretful for not positioning in gold earlier. Is it still possible to jump in now? --- I can understand the geopolitical situation pushing gold prices up, but this height really makes people a bit anxious.
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LowCapGemHuntervip
· 2h ago
Gold has hit a new high again. This rally is really crazy, feels a bit fake.
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GasFeeCriervip
· 2h ago
Gold hits a new high again? Why the hell am I still cutting losses? Truly incredible.
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CryptoTarotReadervip
· 3h ago
Gold hits a new high again. Is this really the start of a surge or just another plunge? --- The divergence between investment and consumption is interesting. Basically, wealthy people are stockpiling gold bars, while ordinary people can’t even afford jewelry. --- I've seen RSI over 80 many times; such overbought signals often precede a reversal. Be careful of getting trapped. --- It feels like the 4500 level can't hold. There's always a sense that it might drop further. --- Both long and short positions are being taken. If you want to make money, it really depends on luck and mindset. --- Geopolitical tensions pushing up gold prices—I've heard this logic for three years. When will peace finally come? --- If today’s 4530 level can't break, it seems like it will fall back to 4480 to consolidate.
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