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The gold market has experienced several waves of correction, but the long-term upward trend remains clear. From the recent movements since December, the 4170 level has been repeatedly confirmed as a key support, and medium-term holders can consider positioning around this point.
The two rally phases after the New Year have directly targeted the 4500 level, which is no coincidence — the technical indicators from early December already hinted at this. At present, it seems highly probable that this breakout will be completed before the Spring Festival, and the overall trend remains in a healthy upward channel.
For traders looking to participate in this wave, the earlier pullbacks actually offer quite good entry opportunities. Whether for swing trading or medium-to-long-term holding, the current technical pattern of precious metals deserves serious attention. The key is to find the right rhythm — a pullback that does not break support is a good point to add positions, and a breakout of key resistance is the true confirmation signal.
Combined with the performance of other assets like BTC, ZEC, and others, the overall market risk appetite is gradually increasing, and the appeal of precious metals as a safe-haven asset is also re-emerging.