Gold's high-level volatility pattern remains unchanged

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Gold's high-level volatility pattern remains unchanged, with bulls still in the driver's seat, supported by both fundamentals and technical factors.
Fundamental Background Analysis
Recently, heightened global economic and political uncertainty, renewed tensions in the Sino-US trade situation, and ongoing geopolitical conflicts in the Middle East have significantly heightened risk aversion in the market, leading to continued inflows into gold. Meanwhile, market expectations for a Federal Reserve rate cut have further strengthened, fueled by investors' fear of missing out (FOMO), leading to a strong upward trend in gold prices. Tonight, the market will release key data such as US weekly initial jobless claims, September's producer price index (PPI), and the monthly retail sales rate. These data may trigger short-term fluctuations in gold prices and warrant close attention.

Daily Trend Review
Gold prices generally fluctuated at high levels today. After opening slightly, they dipped back to a low of $4,199.58 per ounce, then surged to $4,242 before falling back to around $4,203, close to the morning opening level. Gold prices have now rebounded to around $4,240, indicating continued competition between bulls and bears at high levels, but the overall market structure remains positive.

Technical Analysis Perspective
Trend Structure

On the 4-hour chart, the moving average system is bullish, and gold prices continue to trade above the 5-day moving average, indicating that short-term upward momentum remains solid.

The Bollinger Bands are opening upward, and gold prices are trading above the middle band, further confirming that bulls are currently in control.

After breaking through the key round number of $4,200, gold prices have effectively opened up upside potential, and the overall trend remains bullish.

Key Price Levels

Support Area: Primary support lies in the 4200-4210 range, with deeper support at 4160 and 4120, respectively.

Resistance Target: If the upward trend continues, the initial target could be the 4260-4280 area.

Trend Pattern Prediction

Strong Unilateral Upward Attack: If the market rises directly in the early trading, it may quickly test the 4260-4280 area. In this case, it is recommended to wait for a pullback before entering the market.

Upward Oscillating Trend: If the trend becomes more subdued, the area around 4200 will become important support and an ideal entry point for long positions.

Trading Strategy Recommendations
Key Concept: Follow the bullish trend and prioritize buying on dips, avoiding contrarian top speculation.

Specific Operations:

We recommend establishing long positions in the 4210-4200 range, and consider adding to positions if the price drops to 4180.

Set a strict stop-loss below 4170 to mitigate potential pullback risk.

Upward targets include 4230 and 4250, with further targets targeting 4260.

Risk Warning: Despite the current strong trend, be wary of potential sentiment shifts on Thursday, a potential "turnaround day." In the event of an unexpected pullback, 4160 and 4120 will become key defensive levels, offering opportunities for buying on dips.

Summary: Gold maintains a clear overall bullish outlook, supported by both fundamentals and technicals. Investors should pay attention to the immediate impact of the release of US economic data in the evening on market sentiment, strictly follow the principle of trend trading, seize opportunities to intervene in pullbacks, and at the same time do a good job of position management and risk control.

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[Gold surges to 4270! The bull market continues🔥]

The 4-hour moving averages are all bullish, and gold has firmly held above the 5-day moving average, showing strong upward momentum! The Bollinger Bands are opening upward, and gold is surging along the upper band, with bulls in full control!
Since breaking through the key resistance level of 4200, gold has been unbridled, with 4270 being just a stopover!

🏆Key Positions to Consider:
Support: 4200-4210 (Strong)
4160-4120 (Buy on Pullback)
Resistance: 4260-4280 (Already reached)
4300 (Next Target)

🎯Precise Strategy Review:
We clearly suggested "buy on dips to 4210-4200," and the market has perfectly validated this! For those who followed along, the 4270 target has been easily reached, with profits exceeding 60 pips!

⚠️ Urgent Reminder:
Although the bulls are unstoppable, remember to set a stop-loss below 4170. If a pullback occurs, 4140 and 4120 will be excellent secondary entry points!

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[Gold surges past 4297! Bulls aim for the 4300 mark🚀]
The 4-hour moving averages are perfectly aligned in a bullish pattern, with gold prices breaking through previous highs. Bollinger Bands continue to expand upward, signaling a surge of bullish momentum!
Since our accurate prediction of the 4200 breakout, gold has surged through the market, reaching a new high at 4297, putting 4300 within reach!

🎯Key Position Update:
Strong Support: 4250-4260 (New Rally Starting Point)
Pullback Buy Point: 4220-4230 (Buy Dip Opportunity)
Upside Target: 4300 (Immediate Target)
4350 (Next Phase)

🔥Proven Strength:
We've consistently suggested "buy between 4210-4200," and the market has aligned perfectly! Those who followed our strategy have already profited nearly 100 pips! Our strength is undeniable!

💎Trading Recommendations:
Continue to buy if it falls back to the 4250-4260 area
Stop loss below 4230, target 4300-4350
If it reaches the 4220-4230 area, increase your position decisively

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