On the evening of December 30th, XAU continued its strong momentum from the daytime, completing a surge around 4391 before entering a phase of consolidation and fluctuation.

From the hourly K-line Bollinger Bands pattern, the current situation is quite interesting——the channel between the upper and lower bands is clearly tightening, and this "bottleneck contraction" state often signals an upcoming major move. What are the specific signs? The upper band and the middle band are beginning to tilt upward in sync, with the angle of inclination gradually increasing, indicating that the bullish momentum is continuously accumulating; conversely, the lower band is diverging downward, suggesting that the support level at the bottom is rising along with the price, and the bearish pressure is gradually weakening. Overall, the bulls and bears are clearly shifting in favor of the bulls.

After successfully breaking above the middle band, the price has not looked back but instead has directly relied on the middle band as support to approach the upper band. It is now tightly hugging the upper band and even driving the space above the upper band to extend further upward. This detail is very important——it indicates that the market's buying power is sufficient, and the upward trend is relatively strong and sustainable.

Technically, the short-term entry point is around 4363; if a pullback occurs, consider adding at 4350, with 4336 as the bottom-line defense. Focus on the performance within the 4420-4446 range.

The above is my personal analysis and opinion, not investment advice.