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Gold continues to rise towards 5000!
The dispute over Greenland has escalated, coupled with US-EU tariff friction, igniting global risk aversion sentiment. International gold prices surged strongly on Thursday, hitting a new all-time high of $4940/oz, with a weekly increase of over $300, marking four consecutive record-breaking trading days.
Technically, after dipping to 4772 USD in the Asian session, gold prices stabilized. During the US session, they broke through the dual resistance levels of 4840 and 4888 USD, showcasing a strong rally. Trump's firm stance of "taxes if the island purchase fails" is the core driver pushing safe-haven funds into gold, while ongoing central bank gold purchases and expectations of dovish Federal Reserve policies further solidify the upward trend.
On the technical side, all signals are bullish, with the 5-day moving average and MACD, KDJ, RSI indicators showing synchronized bullish crossovers. Intraday, it is recommended to watch the 4900 USD round number support; if broken, look towards the strong support at 4840 USD. Resistance above is focused on the 5000 USD round number, with institutional forecasts suggesting the target could be reached in the first half of the year. In the context of unresolved geopolitical risks, a volatile approach is advised to seize the opportunity after pullbacks.
4900+, stop loss at 4885, target 5000#Gate广场创作者新春激励