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Gold prices briefly surged to around 4526 this morning before facing resistance. Early short positions around 4422 have already secured significant profits. Currently, the gold price is fluctuating around 4490, and based on the market, there is potential to push again towards the 4500 level tonight.
Overall, the bullish trend remains the main theme—this is a buy-on-dip opportunity. As Christmas Eve approaches midnight, the market is entering holiday mode early. Under this atmosphere, a significant pullback in gold is unlikely. The strong upward pattern remains unchanged.
From a technical perspective, 4470 is the first support level to watch, followed by the critical zone at 4445-4450. The expectation is that after touching the support, the price will continue to oscillate higher; the daily bullish momentum is strong, and there are no clear signs of resistance at the moment.
**Trading Strategy**: Gradually build long positions around 4470-4475. If the price drops further to 4445-4450, add to your positions, with a stop-loss set at 4437. The target is around 4520-4525. However, before Christmas, be sure to control your position size, avoid over-leveraging, and stay flexible to market changes.