This week, the gold market has demonstrated significant strength. Last week, supported by the release of the November CPI data and the continued gold purchases by global Central Banks, market sentiment clearly heated up, and the strategy of laying out long positions on dips is gradually being realized.
The actual trend has exceeded expectations. Gold prices closely followed the upward trend line, pushing higher and directly breaking through the 4400 mark, continuing to accelerate and finally refreshing to a high near 4420, with an overall upward movement of nearly 60 points. Short-term long positions have gained substantial profits, and attention should be paid to the Central Bank's direction and the further impact of global economic data.
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This week, the gold market has demonstrated significant strength. Last week, supported by the release of the November CPI data and the continued gold purchases by global Central Banks, market sentiment clearly heated up, and the strategy of laying out long positions on dips is gradually being realized.
The actual trend has exceeded expectations. Gold prices closely followed the upward trend line, pushing higher and directly breaking through the 4400 mark, continuing to accelerate and finally refreshing to a high near 4420, with an overall upward movement of nearly 60 points. Short-term long positions have gained substantial profits, and attention should be paid to the Central Bank's direction and the further impact of global economic data.