Enzel: Sudden Bullish Catalyst Drives Rally! Can Gold Break 4600 on 3.25?

Early this morning, the market revealed news that the US is planning to push Israel and Palestine to reach a one-month ceasefire agreement. Influenced by this, crude oil prices came under pressure and declined sharply, while gold ushered in a new round of strong rebound. Currently, the daily level has successfully closed positive, with a clear bullish morning star pattern established and significant uptrend signals.

During the morning session, gold prices continued their strong upward momentum, with the current high touching 4578. The subsequent rebound rally will continue, and in the short term, gold prices are expected to gradually test resistance levels at 4580, 4600, 4650, and even 4720.

The current market should focus on the breakthrough of 4580, this key strong support level, which is the core node for judging subsequent trends:
If gold can effectively hold and break through 4580, it will continue its uptrend and further launch an attack toward the 4650-4720 line;
If it fails to break this key level, gold prices will likely retrace to the 4480-4450 range, accumulate strength, and then launch a second attempt at a higher top.

Operational Strategy:
Maintain the core strategy of buying on dips:

Build long positions in batches within the 4485-4500 range, with targets toward 4650-4720, while strictly implementing risk management.

Disclaimer:
The above analysis is Enzel's personal analysis for reference only and does not constitute any investment advice!
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