#美联储回购协议计划 The gold bullish pattern is established, with a loose environment, geopolitical situation, and continuous capital inflows resonating, making it difficult to change the strong upward momentum.

Looking at the daily chart— a standard bullish arrangement is in front of you. The price is hugging the upper band of the Bollinger Bands, MACD is above the zero line with a golden cross, and the red energy bars are expanding continuously, indicating strong bullish firepower. But there's a problem: RSI has already soared to 78, clearly signaling short-term overbought conditions. Don’t be fooled by the fierce rally; profit-taking and sell-offs could come at any time, and the risk of technical correction should not be underestimated.

The four-hour and hourly charts, however, show steady performance. The moving averages are diverging beautifully, and after a series of bullish candles on the hourly chart, the price is consolidating at high levels, supported by short-term moving averages. The strong pattern remains intact.

How to operate? During a pullback to around 4470, gradually build long positions, with a stop-loss below 4460. Initial targets are 4500, 4520, and further up to 4550.

A tip: Christmas holiday is approaching, and market liquidity will become thinner, which often amplifies volatility. Position sizes must be strictly controlled, and keep a close watch on whether support levels fail. Never chase high entries; the risk is very high.