#MSCI未来或纳入数字资产财库企业 Gold bulls remain unstoppable; buying on dips is the right approach

On Wednesday, gold continued its strong start, and no matter how strong the dollar gets, it can't suppress the rebound momentum of gold. Expectations of a Federal Reserve rate cut and safe-haven demand triggered by geopolitical conflicts have firmly anchored gold's support, and the bullish logic remains valid. The short-term trading strategy remains unchanged—looking for low positions to build long positions is the key.

During the day, US November retail sales data and PPI will be released. These two indicators are not very friendly to gold expectations and may cause some volatility in the upward trend. After the data is released, remember to monitor the market closely and don't be scared by sudden dips.

From a technical perspective, after several days of continuous rise, gold has stabilized around 4570, forming a support level. Currently, it faces resistance at 4640. The overall trend remains bullish, with target zones at 4680-4700. However, be cautious—after a continuous rally, a correction is usually expected. Previously, gold surged to 4630 but then sharply dropped below 4640, indicating that the battle between longs and shorts is quite intense.

In the evening, trading pace slows down; avoid chasing highs. The support at 4570 is very critical: it must hold. If it breaks below, the price may continue to decline toward 4520. The resistance at 4650 needs confirmation of a steady hold before becoming optimistic. A prudent approach is to wait near support for low-buy opportunities; if the price can't break through 4650, consider a small short position with proper stop-loss. Once a strong breakout above 4650 occurs, the upside potential reopens, and the next target is 4680. $BTC $SOL $XAU