12.23 Morning Gold Market Analysis and Practical Trading Strategy

This morning, the gold market exhibited a crushing, one-sided upward trend, with prices continuously breaking historical highs, almost without any effective pullbacks throughout the process. The strength and continuity of the upward trend are evident. From the perspective of short-term volume and price movement, bullish momentum remains strong, and the market has not yet shown clear signs of a top reversal; thus, blindly trying to call a top is clearly not a wise move.

It is important to be cautious as the current gold price is at an absolute historical high range, and the pressure from accumulated profits may be released at any time. If one rashly pursues buying aggressively, there is a high possibility of encountering a deep pullback triggered by profit-taking, which must be taken seriously by investors.

Practical Operation Suggestions

Patiently wait for the price to pull back to the 4450 line range before strategically placing long positions. It is recommended to trade with light positions, testing the waters and building positions in batches, rather than entering with heavy positions all at once.

Target levels can look towards the vicinity of 4500-4530. Once the price reaches this position, it is advised to reduce positions in a timely manner or directly take profits to secure gains.

Additionally, it is essential to strictly set stop-loss points to guard against the risks of sharp market fluctuations at high levels, keeping the maximum drawdown of a single trade firmly within an acceptable range.